The share of global Bitcoin mining controlled by U.S.-listed companies has reached an all-time high, according to recent industry data. In June, 13 publicly traded miners in the U.S. accounted for approximately 31.5% of the total Bitcoin network hashrate, signaling growing dominance of American firms in the global crypto mining landscape.
Hashrate Surges 99% Year-on-Year Among U.S. Miners
The combined hashrate of these U.S.-listed miners has grown 99% year-over-year, significantly outpacing the 55% increase in total global Bitcoin network hashrate over the same period.
This expansion reflects aggressive infrastructure growth by leading mining companies. CleanSpark, Hive Technologies, and Riot Platforms were among the top contributors, collectively adding 11 exahashes per second (EH/s) since April.
These gains highlight the competitive edge of U.S. firms in scaling mining operations efficiently.
Total Network Hashrate Dips in June
Despite the rise in market share by U.S. companies, the global network hashrate temporarily dipped by around 10 EH/s, falling to an average of 890 EH/s during the first two weeks of June.
This unexpected drop was viewed as “somewhat surprising,” though the overall network hashrate remains up over 50% year-on-year, indicating sustained growth in global mining activity.
Profitability Slightly Down, But Market Caps Rise
Mining profitability measured by the hash price — a metric for earnings per unit of computing power — fell by 2% since the end of May.
However, investor sentiment stayed strong, as the combined market capitalization of the 13 tracked companies rose 10% in just two weeks, gaining approximately $2.4 billion.
Among them, Riot Platforms led performance with a 20% gain, while Bitfarms underperformed with a 9% decline in share value during the same period.
Outlook: U.S. Miners Lead as Network Evolves
The concentration of mining power among U.S.-listed firms is reshaping the global Bitcoin mining map. With rising investment, expanding infrastructure, and increasing political focus on domestic crypto industries, U.S.-based miners are poised to remain dominant players.
As regulatory clarity improves and energy strategies evolve, their competitive edge could further widen in the coming quarters.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.