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10 Biggest Blockchain Companies

10 Biggest Blockchain Companies
Written by publisher team

The blockchain industry is still relatively young, but it is growing rapidly. Blockchains are distributed databases shared between nodes of computer networks. They are best known for the role they play in cryptocurrencies, such as Bitcoin, to maintain a secure and decentralized transaction history. Blockchains ensure the credibility and security of the data record and establish trust without the need for a trusted third party. Companies in this industry include fintech companies, cryptocurrency miners, blockchain technology manufacturers, and other types of businesses.

Below we look in detail at the 10 largest blockchain companies by 12-month trailing revenue (TTM). Some companies outside of the United States report earnings semi-annually instead of quarterly, so the 12-month post-data may be older than it is for companies that report quarterly. This list is limited to companies that are publicly traded in the United States or Canada, either directly or through ADRs. Data provided by YCharts.com. All numbers as of December 17, 2021.

  • Revenue (TTM): $5.9 billion
  • Net Income (TTM): $3.0 billion
  • Market value: $52.4 billion
  • 1 year tiered total return: N/A (see company description below)
  • Stock 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 allows retail users to invest, spend, save, earn and use cryptocurrencies. The platform also provides organizations with a large pool of liquidity to transact 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 tracked total return data for the company.

  • Revenue (TTM): $936.8 million
  • Net Income (TTM): $218.1 million
  • Market value: $1.7 billion
  • 1 year incremental total return: 223.3%
  • Exchange: OTC Markets

Monex Group is an online financial institution based in Japan. It operates online retail brokerage firms in Japan, the United States, China and Australia. The company also provides 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 value: $494.5 million
  • 1 year tiered total return: 146.7%
  • Stock Exchange: New York Stock Exchange

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

  • Revenue (TTM): $438.7 million
  • Net Income (TTM): $87.4 million
  • Market value: $905.0 million
  • Total one-year tiered return: 24.7%
  • Stock Exchange: NASDAQ

Canaan is a China-based company providing high performance computing solutions. The company focuses on the design of high-performance application-specific computing chips and integrated circuits (ASICs), as well as chip research and development, computing equipment production, and software services. It provides a range of AI services and engages in research and development of advanced technologies, such as AI chips, AI algorithms, System-on-Chip (SoC) integration, and more.

  • Revenue (TTM): $254.6 million
  • Net income: $76.4 million
  • Market value: $2.0 billion
  • 1 year incremental total return: 314.4%
  • Exchange: OTC Markets

Voyager Digital operates as a crypto-asset broker that provides retail and institutional clients with access to a digital platform to buy and sell crypto assets. The company’s mobile application provides a secure way to trade over 60 different crypto assets. It also offers global cryptocurrency payment solutions for both consumers and merchants.

  • Revenue (TTM): $224.9 million
  • Net income: $7.2 million
  • Market value: $238.7 million
  • One-year tiered total return: -51.8%
  • Stock Exchange: New York Stock Exchange

SOS is a China-based technology company with AI blockchain technology as its core technology. The company provides clients with IT services such as rescue, big data, trading and digital asset management. It also provides information security services, marketing data, technology and solutions for emergency rescue services such as insurance, finance, medical care, health, automotive, safety and mutual assistance.

  • Revenue (TTM): $195.2 million
  • Net Income (TTM): $104.6 million
  • Market value: $996.6 million
  • 1 year tiered total return: 25.7%
  • Stock Exchange: NASDAQ

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

  • Revenue (TTM): $148.9 million
  • Net income: $66.3 million
  • Market value: $4.3 billion
  • Total one-year tiered return: 168.5%
  • Stock Exchange: New York Stock Exchange

Silvergate Capital is the parent company of Silvergate Bank, a provider of financial infrastructure solutions and services for participants in the digital currency industry. The company leverages its technology platform to develop solutions for many of the largest cryptocurrency exchanges and US investors around the world.

  • Revenue (TTM): $127.6 million
  • Net Income (TTM): $15.4 million
  • Market value: $2.7 billion
  • 1 year tiered total return: 123.6%
  • Stock Exchange: NASDAQ

Riot Blockchain is a Bitcoin mining company. The company’s mining operations include its facilities in Texas and miners hosted at Coinmint LLC’s facility in New York. The US facility is a wholly owned subsidiary of Riot Blockchain and consists of the largest bitcoin mining and hosting facility in North America, according to its electricity generation capacity.

  • Revenue (TTM): $121.1 million
  • Net Income (TTM): $7.1 million
  • Market value: $885.6 million
  • 1 year incremental total return: 323.8%
  • Stock Exchange: NASDAQ

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

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