Publicly Traded Bitcoin Mining Companies
Mining of bitcoin and other digital assets is complicated and requires sophisticated computer hardware. Mining also incurs significant operational expenses, including energy costs to power the computers and cooling equipment to prevent the computers from overheating. Investing in mining companies lets you participate without directly engaging. Profitability is largely dependent on the price of the digital assets being mined.
Argo Blockchain (ARBKF) is a publicly traded blockchain technology company focused on large-scale crypto mining. The company is headquartered in London; its shares are listed on the Main Market of the London Stock Exchange and cross-trade in the U.S. on the OTCQX Best Market.
Bitfarms, Ltd. (ticker: BFARF) is a blockchain infrastructure company that operates one of the largest digital asset mining operations in North America. The company owns and operates server farms featuring computers that primarily validate transactions on the Bitcoin Blockchain, earning cryptocurrency from block rewards and transaction fees. It is headquartered in Toronto.
Echochain, subsidiary of Soluna Holdings, Inc. (SLNH), is a cryptocurrency mining business powered by renewable energy.
Hut 8 Mining Corp. (HUTMF) Hut 8 is a cryptocurrency mining company focused on mining bitcoin. It provides investors with direct access to bitcoin, without the technical complexity or constraints of purchasing the underlying cryptocurrency.