Bitcoin mining by the numbers: The pivots of Riot and Marathon

Over the last four years, and particularly the course of 2021, Riot Blockchain and Marathon Digital have proven a successful business pivot into Bitcoin mining in the U.S., becoming two of the largest publicly listed companies by Bitcoin production and operating hashrate. 

As of March, Riot and Marathon owned 4.3 EH/s and 3.9 EH/s of Bitcoin computing power, respectively, each accounting for about 2% of the network’s total. Thanks to the hashrate growth, Riot and Marathon mined 3,812 and 3,197 bitcoins in 2021, up from 1,033 and 338 bitcoins in 2020, respectively.