{"id":8230,"date":"2025-01-17T12:45:13","date_gmt":"2025-01-17T12:45:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8230"},"modified":"2025-01-17T12:45:13","modified_gmt":"2025-01-17T12:45:13","slug":"bitcoin-miners-consolidate-power-12-firms-now-control-30-of-network-hash-rate","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8230","title":{"rendered":"Bitcoin Miners Consolidate Power: 12 Firms Now Control 30% Of Network Hash Rate"},"content":{"rendered":"<div>\n<p>A new report from <strong>Bernstein <\/strong>reveals a significant shift in the <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/01\/43007480\/whats-going-on-with-bitcoin-mining-stocks-mara-holdings-riot-platforms-and-cleanspark-2\">mining landscape<\/a>, with just twelve companies now controlling a substantial 30% of the network\u2019s total hash rate.<\/p>\n<p>This represents a notable increase from 22% in January 2024, highlighting a growing concentration of power within the sector. <\/p>\n<p><strong>What Happened: <\/strong>The report identifies these key players as being comprised of large-scale consolidators, hybrid AI-Bitcoin operations, and smaller mid-sized miners, all contributing to the sector&#8217;s rapid evolution.<\/p>\n<p>The most significant hash rate growth has been led by major players including <strong>Marathon Digital<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MARA#NASDAQ\">MARA<\/a>), <strong>Riot Platforms<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RIOT#NASDAQ\">RIOT<\/a>) and <strong>CleanSpark <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CLSK#NASDAQ\">CLSK<\/a>).<\/p>\n<p>Marathon Digital has reached 53 exahashes per second (EH\/s) by December, representing 7% of the network\u2019s total hash rate. <\/p>\n<p>CleanSpark experienced an impressive 400% year-over-year increase and now holds 5%, surpassing Riot Platforms. &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/43053129\/bitcoin-miners-consolidate-power-12-firms-now-control-30-of-network-hash-rate\" alt=\"Bitcoin\" miners consolidate power: firms now control of network hash rate>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new report from Bernstein reveals a significant shift in the Bitcoin (CRYPTO: BTC) mining landscape, with just twelve companies now controlling a substantial 30% of the network\u2019s total hash rate. This represents a notable increase from 22% in January 2024, highlighting a growing concentration of power within the sector. What Happened: The report identifies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8230","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8230"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8230\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}