[Financial giant BlackRock is actively investing in Bitcoin mining companies]
BlackRock (NYSE: BLK ), the world's largest asset manager with $9.42 trillion in assets under management, has shown growing interest in cryptocurrencies, particularly Bitcoin. Bitcoin currently has a market capitalization of $827 billion, making it the largest cryptocurrency by market capitalization.
BlackRock is a major shareholder in four of the five largest Bitcoin mining companies, Finbold reported on August 28. In addition, BlackRock applied to issue a spot Bitcoin ETF through its ETF subsidiary iShares, actively increasing its investment in US-listed Bitcoin mining companies. BlackRock is the majority shareholder in all U.S.-listed Bitcoin mining companies except Core Scientific Inc (OTCMKTS: CORZQ).
As of December 16, according to data from CompaniesMarketCap, the Bitcoin mining company with the highest market value is Marathon Digital Holdings (NASDAQ: MARA), with a market value of $4.07 billion, followed by Riot Blockchain (NASDAQ: RIOT), with a market value of $3.22 billion. , CleanSpark (NASDAQ: CLSK) ranks third, with a market capitalization of $1.96 billion.
Although Cipher Mining (NASDAQ: CIFR), TeraWulf (NASDAQ: WULF), BitDigital (NASDAQ: BTBT), Stronghold Digital Mining (NASDAQ: SDIG) and Greenidge Generation Holdings (NASDAQ: GREE) all have market capitalizations of less than $1 billion, they are also part of BlackRock's portfolio.
Specifically, BlackRock currently holds 5.30% (11,206,584 shares) of Marathon Digital Holdings (MARA), worth $98.73 million; it holds 5.65% (11,215,047 shares) of Riot Blockchain (RIOT), worth $109.68 million. In addition, BlackRock also holds shares in Cipher Mining (CIFR), TeraWulf (WULF) and CleanSpark (CLSK).
Although BlackRock's current stake in BitDigital (BTBT) has dropped to 4.81%, and its holdings in Stronghold Digital Mining (SDIG) and Greenidge Generation Holdings (GREE) are the lowest, this has not stopped BlackRock from increasing its stake. investments in these companies. The Bitcoin mining business is highly competitive and uncertain and relies on the price movement of Bitcoin, but BlackRock remains the majority shareholder of these companies.
