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U.S. publicly listed Bitcoin mining companies increased their share of the global network hashrate to approximately 29% in January 2025, up from about 20% in January 2024
US-listed Bitcoin miners experienced substantial year-over-year hashrate growth in 2024, with IREN expanding by 450%, CleanSpark increasing by 400%, Riot Platforms growing by 155%
The hashrate represents the total computational power used for mining and verifying transactions on a proof-of-work blockchain, it serves as an indicator of industry competition and mining difficulty
The rapid expansion of US-listed Bitcoin miners' hashrate in 2024 is attributed to their access to capital, land, and power, enabling aggressive growth strategies

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