10 Biggest Blockchain Companies

Sam Fried

The blockchain industry is still relatively young but is growing rapidly. Blockchains are distributed databases shared among the nodes of computer networks. They are best known for the role they play in cryptocurrencies, such as Bitcoin, for maintaining a secure and decentralized record of transactions. Blockchains guarantee the authenticity and […]

The blockchain industry is still relatively young but is growing rapidly. Blockchains are distributed databases shared among the nodes of computer networks. They are best known for the role they play in cryptocurrencies, such as Bitcoin, for maintaining a secure and decentralized record of transactions. Blockchains guarantee the authenticity and security of a record of data and generate trust without the need for a trusted third party. Companies within the industry include financial technology (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 12-month trailing (TTM) revenue. Some companies outside the U.S. report profits semi-annually instead of quarterly, so the 12-month trailing data may be older than it is for companies that report quarterly. This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or through ADRs. Data is courtesy of YCharts.com. All figures are as of Dec. 17, 2021.

  • Revenue (TTM): $5.9 billion
  • Net Income (TTM): $3.0 billion
  • Market Cap: $52.4 billion
  • 1-Year Trailing Total Return: N/A (see company description below)
  • Exchange: NASDAQ

Coinbase Global is a global provider of financial infrastructure, including transaction services, and technology designed for the crypto economy. The company’s platform enables its retail users to invest, spend, save, earn, and use cryptocurrencies. The platform also provides institutions with a deep pool of liquidity for transacting in crypto assets and enables crypto-ecosystem partners to build crypto-based applications as well as securely accept crypto assets as payment. Coinbase went public in April 2021, which is why there is no one-year trailing total return data for the company.

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

Monex Group is a Japan-based online financial institution. It operates retail online brokerages in Japan, the U.S., China, and Australia. The company also offers services in asset management, investment education, mergers and acquisitions (M&A) advisory, international foreign exchange (forex), and cryptocurrency exchange.

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

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

  • Revenue (TTM): $438.7 million
  • Net Income (TTM): $87.4 million
  • Market Cap: $905.0 million
  • 1-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, as well as chip research and development, computing equipment production, and software services. It provides a range of AI services and is involved in the research and development of advanced technology, such as AI chips, AI algorithms, system on a chip (SoC) integration, and more.

  • Revenue (TTM): $254.6 million
  • Net Income (TTM): -$76.4 million
  • Market Cap: $2.0 billion
  • 1-Year Trailing Total Return: 314.4%
  • Exchange: OTC Markets

Voyager Digital operates as a crypto asset brokerage that provides both retail and institutional customers access to a digital platform for buying and selling crypto assets. The company’s mobile application offers a secure way to trade over 60 different crypto assets. It also offers global crypto payment solutions for both consumers and merchants.

  • Revenue (TTM): $224.9 million
  • Net Income (TTM): -$7.2 million
  • Market Cap: $238.7 million
  • 1-Year Trailing Total Return: -51.8%
  • Exchange: New York Stock Exchange

SOS is a China-based technology company with AI blockchain as its core technology. The company provides customers with information technology services such as rescue, big data, trade, and digital asset management. It also offers information security services and marketing-related data, technology and solutions for emergency rescue services such as insurance, finance, medical care, health, automobile, safety, and mutual aid.

  • Revenue (TTM): $195.2 million
  • Net Income (TTM): $104.6 million
  • Market Cap: $996.6 million
  • 1-Year Trailing Total Return: 25.7%
  • Exchange: NASDAQ

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

  • Revenue (TTM): $148.9 million
  • Net Income (TTM): $66.3 million
  • Market Cap: $4.3 billion
  • 1-Year Trailing Total Return: 168.5%
  • Exchange: New York Stock Exchange

Silvergate Capital is the parent company of Silvergate Bank, a provider of financial infrastructure solutions and services to participants in the digital currency industry. The 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
  • 1-Year Trailing Total Return: 123.6%
  • Exchange: NASDAQ

Riot Blockchain is a Bitcoin mining company. The company’s mining operations include its facility in Texas and its hosted miners at Coinmint LLC’s New York facility. The U.S. facility is a wholly-owned subsidiary 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
  • 1-Year Trailing Total Return: 323.8%
  • Exchange: NASDAQ

Bitfarms is a Canada-based cryptocurrency mining company. In addition to its mining operations, it offers onsite technical repair, data analytics, and electrical engineering and installation services. It operates in two primary segments: the first one operates server farms that support the validation and verification of blockchain transactions; and the second provides electrician services to both commercial and residential customers in Quebec.

https://www.investopedia.com/10-biggest-blockchain-companies-5213784

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