10 Biggest Blockchain Companies

The blockchain industry is still relatively young but is growing quickly. Blockchains are distributed databases shared among the nodes of calculator networks. They are good known for the character they play in cryptocurrencies, such as Bitcoin, for maintaining a guarantee and decentralized record of transactions .

Blockchains guarantee the authenticity and security of a phonograph record of data and generate trust without the motivation for a sure third base party. Companies within the industry include fiscal engineering ( fintech ) companies, cryptocurrency miners, manufacturers of blockchain technology, and other kinds of companies .

We look in detail below at the 10 biggest blockchain companies by trailing-12-month ( TTM ) tax income. Some companies outside the United States report profits semiannually alternatively of quarterly, so the TTM data may be older than it is for companies that report quarterly. besides, some of these companies have early sources of gross besides their blockchain operations. This list is limited to companies that are publicly traded in the U.S. or Canada, either immediately or through american depository receipts ( ADRs ) .

Key Takeaways

  • Blockchain is the core database technology behind bitcoin and cryptocurrencies.
  • Blockchain is now a major industry that has birthed several billion-dollar companies.
  • One of the most successful blockchain companies is Coinbase, an online cryptocurrency broker with annual revenues of nearly $6 billion.
  • Other major players have scored big profits by building mining hardware, investing, or providing exchange platforms.
  • Some of these companies also earn revenue from more traditional lines of business.
  • Revenue (TTM): $5.9 billion
  • Net Income (TTM): $3.0 billion
  • Market Capitalization (Market Cap): $52.4 billion
  • One-Year Trailing Total Return: N/A (see company description below)
  • Exchange: Nasdaq

Coinbase Global is a ball-shaped supplier of fiscal infrastructure, including transaction services, and engineering designed for the crypto economy. The company ’ second chopine enables its retail users to invest, spend, save, earn, and function cryptocurrencies. The platform besides provides institutions with a bass pool of liquid for transacting in crypto assets and enables crypto-ecosystem partners to build crypto-based applications american samoa well as securely accept crypto assets as payment .

Coinbase went public in April 2021, which is why there is no annual trail total fall data for the party .

  • Revenue (TTM): $936.8 million
  • Net Income (TTM): $218.1 million
  • Market Cap: $1.7 billion
  • One-Year Trailing Total Return: 223.3%
  • Exchange: OTC Markets

Monex Group is a Japan-based on-line fiscal institution. It operates retail on-line brokerages in Japan, the U.S., China, and Australia. The company besides offers services in asset management, investing education, mergers and acquisitions ( M & A ) propose, external alien exchange ( forex ), and cryptocurrency exchange .

  • Revenue (TTM): $450.1 million
  • Net Income (TTM): -$27.9 million
  • Market Cap: $494.5 million
  • One-Year Trailing Total Return: 146.7%
  • Exchange: New York Stock Exchange (NYSE)

BIT Mining is a Hong Kong-based cryptocurrency mining ship’s company. Its business operations span cryptocurrency mine, data center, and mining pool. A mining pool is a joint group of cryptocurrency miners who combine their computational resources over a network to successfully mine for cryptocurrency. The company besides owns the blockchain browser BTC.com .

  • Revenue (TTM): $438.7 million
  • Net Income (TTM): $87.4 million
  • Market Cap: $905.0 million
  • One-Year Trailing Total Return: 24.7%
  • Exchange: Nasdaq

Canaan is a China-based provider of high-performance computing solutions. The company is focused on application-specific integrated circuit ( ASIC ) high-performance computing chip design, a well as chip research and development, computing equipment product, and software services. It provides a range of artificial intelligence ( AI ) services and is involved in the inquiry and growth of gain technology, such as AI chips, AI algorithm, system on a chip ( SoC ) consolidation, and more .

  • Revenue (TTM): $254.6 million
  • Net Income (TTM): -$76.4 million
  • Market Cap: $1.2 billion
  • One-Year Trailing Total Return: 314.4%
  • Exchange: OTC Markets

Voyager Digital operates as a crypto asset brokerage that provides retail and institutional customers access to a digital platform for buying and selling crypto assets. The company ’ mho mobile application offers a secure way to trade more than 60 different crypto assets. It besides offers global crypto requital solutions for consumers and merchants .

  • Revenue (TTM): $224.9 million
  • Net Income (TTM): -$7.2 million
  • Market Cap: $238.7 million
  • One-Year Trailing Total Return: -51.8%
  • Exchange: NYSE

SOS is a China-based engineering ship’s company that claims to have AI blockchain as its core engineering. The company offers customers data engineering services such as rescue, big data, trade, and digital asset management. It besides provides data security services and marketing-related data, engineering and solutions for emergency rescue services such as policy, finance, medical care, health, automobile, safety, and reciprocal help .

  • Revenue (TTM): $245.8 million
  • Net Income (TTM): $132.2 million
  • Market Cap: $975.3 million
  • One-Year Trailing Total Return: 25.7%
  • Exchange: Nasdaq

HIVE Blockchain Technologies is a Canada-based cryptocurrency mine company. The caller owns 100 % green energy-powered data center facilities in Canada, Sweden, and Iceland, which are used to mine digital currencies like Bitcoin and Ethereum .

  • Revenue (TTM): $170.9 million
  • Net Income (TTM): $78.5 million
  • Market Cap: $2.9 billion
  • One-Year Trailing Total Return: 168.5%
  • Exchange: NYSE

Silvergate Capital is the rear company of Silvergate Bank, a supplier of fiscal infrastructure solutions and services to participants in the digital currency industry. The ship’s company leverages its technology platform to develop solutions for many of the largest U.S. digital currency exchanges and investors around the world .

  • Revenue (TTM): $127.6 million
  • Net Income (TTM): $15.4 million
  • Market Cap: $2.7 billion
  • One-Year Trailing Total Return: 123.6%
  • Exchange: Nasdaq

Riot Blockchain is a Bitcoin mine company. The party ’ second mining operations include its facility in Texas and its host miners at Coinmint LLC ’ s New York facility. The U.S. adeptness is a wholly owned subsidiary company of Riot Blockchain and consists of the single largest Bitcoin mining and hosting facility in North America, as gauged by its electricity-generating capacity .

  • Revenue (TTM): $121.1 million
  • Net Income (TTM): $7.1 million
  • Market Cap: $885.6 million
  • One-Year Trailing Total Return: 323.8%
  • Exchange: Nasdaq

Bitfarms is a Canada-based cryptocurrency mine company. In addition to its mine operations, it offers on-site technical rectify, data analytics, and electrical technology and installation services. It operates in two primary segments : the beginning operates server farms that support the establishment and confirmation of blockchain transactions, and the second provides electrician services to commercial and residential customers in Quebec .

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