Top Bitcoin mining companies are large-scale companies engaged in the cryptocurrency mining industry.
Bitcoin is a cryptocurrency that at its inception carried the motto, be your own bank. Because Bitcoin transactions do not go through intermediaries like a centralized financial system where all transactions are monopolized by intermediaries.
With the concept that Bitcoin offers money transfers between continents with low fees, and transactions peer-to-peer.
- 1 What is Bitcoin mining?
- 2 Top Bitcoin mining companies
- 3 Kucoin mining pool
- 4 Bitmain
- 5 LUXOR
- 6 Top companies accept Bitcoin
- 7 Bottom line
What is Bitcoin mining?
Because Bitcoin does not have an intermediary, instead of using the services of a Bitcoin miner. The consensus in the Bitcoin blockchain is Proof of Work, where miners need a supercomputer to decode complex math in a Bitcoin transaction. Then Miners who successfully solve the calculation will get a Bitcoin reward.
Bitcoin has now become a valuable digital asset, although it is full of pros and cons. And many big companies are the top Bitcoin mining companies.
While Bitcoin itself is a digital coin that is made in a limited amount of 21 million BTC. And the miner reward is lowered every 4 years which is called Bitcoin halving.
Top Bitcoin mining companies
From various sources, we present information on Top Bitcoin mining companies in the following detailed information:
Kucoin mining pool
Kucoin is a company that provides various products in the cryptocurrency field, apart from being an exchange, Kucoin also provides cryptocurrency mining pool services that work with Proof of Work consensus. Not only for Bitcoin but also for other crypto assets such as BCH, ETH, DCR, and others.
The company, which was founded in 2017, is more famous for its slogan “The People’s Exchange”. This is the first in top Bitcoin mining companies.
Bitmain is a manufacturing company for cryptocurrency mining infrastructure products. By carrying the Antminer brand, their customers have reached more than 100 countries.
Bitmain manufactures Antimner not only for Bitcoin mining, but the company also designs Antminer for Zcash, Dash, LTC/DOGE, and Antispace mining.
The company with the registered name Bitmain Technologies Limited was founded in 2013 and is a company engaged in the Blockchain and semiconductors company.
Genesis Digital Asset
Include in top Bitcoin mining companies that was founded in 2013 and is engaged in mining and hardware.
The company was founded by Marco Streng, who served as CEO, and Abdumalik Mirakhmedov, who served as executive chairman. Andrey Kim as COO, Rashit Makhat, founder, and Dr. Marco Krohn as CSO.
Genesis Digital asset is the most experienced Bitcoin miner and has set up 20 mining farms and managed to mine over $1 billion in Bitcoins. This company has a mission to be the largest most profitable Bitcoin mining by 2025.
It is a company engaged in mining and hardware in its scope including a Cryptocurrency cloud mining platform, founded in 2013 to become the largest cloud mining company.
Genesis Mining is a subsidiary of Genesis Mining Ltd. which launches in 2013 and is based in Wanchai, Hong Kong.
Genesis Mining company is growing rapidly thanks to the support of an algorithmic trading framework, mining infrastructure, proprietary mining farm-management software, and Genesis Hive.
Luxor is a hardware and mining company, the company was founded in 2021 under the registered name Luxor Technology Corp.
It is a US-based Proof-of-Work crypto mining-focused company. Has a team of 50-100 members including Nick Hansen as CEO, Ethan Vera serving as COO, Eddie Wang serving as CTO, and Guzman Pintos serving as CPO.
Luxor also partnered with Atlas Mining and Compute North and raised $5 million.
Coinmine is a company from California USA engaged in mining and hardware, founded in 2018 with a registered company name Coinmine Inc. It is more famous as an All-in-one crypto miner company.
The company produces plug-and-play mining device products that allow users to manage their wallets and host cryptocurrencies.
Coinmine builds devices that are compatible with mobile applications so that they can monitor the development of mining activities and can also change the network to be mined.
This company is engaged in mining and hardware which was founded in 2016 and is based in China, Shenzhen. It is one of the top Bitcoin mining pools and cloud mining contract providers.
ViaBTC raised $32,900.000 in two rounds in 2017 and 2018. The company has partners Bitdeer and Syscoin. Provides applications for mobile with Android and iOS operating systems.
The next top Bitcoin mining company is Argo Blockchain. This mining and hardware company is based in London UK. The company launches in 2017 with the registered name Argo Blockchain PLC. It is a global data company that powers an efficient platform for cryptocurrency mining operations.
The strategic location of the company’s operations is in North America. And the company is entering the list on the London Stock Exchange’s premier market listing under the ticker: ARB. Argo blockchain raised $145,280,000 over three rounds in 2018 and 2021.
Marathon Digital Holdings
This mining and hardware company is from Las Vegas United States and launches in 2013. It is the largest crypto mining company operating in North America registered under the name Marathon Digital Holdings Inc.
In its 2021 fundraising round, the company managed to raise up to,$20,000,000.
The company’s slogan is focusing on building America’s leading enterprise Bitcoin miner. With team members consisting of Fred Thiel serving as SEO, Jim Crawford serving as COO, Simeon Salzman serving as CFO, and Ashu Swami serving as CTO.
The company launches in 2013 the first to be on the list as a blockchain Technology company publicly on the TSX (Toronto Stocks Exchange) in 2017 under the ticker symbol HIVE.
HIVE Blockchain focuses on mining infrastructure and hardware to facilitate Blockchain Infrastructure & Mining Facilities. Has mining facilities in Iceland and Sweden.
The team from this company includes Joshua Ngo as Vice President, Corporate Development-Asia Pacific, Olivier Roussy Newton as Founder and Director And Interim President, Stephan Metz serving as Country Manager-Switzerland, and Taje Dhatt serving as Vice President, Corporate Development-north America.
Top companies accept Bitcoin
Although Bitcoin is a cryptocurrency is still controversial. However, there are some large companies that accept Bitcoin for purchasing their products.
Tesla Inc. The automotive company, owned by Elon Musk, has announced that it accepts Bitcoin to buy its vehicles. But a few months later, Tesla suspended payments with Bitcoin. Because mining Bitcoin produced a high carbon footprint had the potential to damage the environment.
However today some companies still accept Bitcoin on their products.
Who would have thought the big company Microsoft to be the first adopter to accept Bitcoin for payment for some of their services?
In 2014 Microsoft has accepted Bitcoin for payment of games and mobile applications for Windows Phone dan Xbox. At that time Bitcoin was not very popular because it was still a new digital payment.
At the same time bar establishments in New York city also accept Bitcoin, and also some car services and restaurants accept Bitcoin.
If you remember Elon Musk, you might as well remember Paypal. This is a company that emerged from the brainchild of Elon Musk before he built Tesla and SpaceX.
Paypal adopted Bitcoin earlier than Microsoft. If Microsoft started accepting Bitcoin in December 2014, Paypal started it in September.
Bitcoin at that time still used the XBT ticker symbol instead of BTC. Paypal accepts Bitcoin because of its efficiency and low fees when compared to others.
Patrick Byrne founded Overstock in 1997 and launched 1999 a marketplace that sells various kinds of merchandise. Whether it’s household needs, furniture, bedding, and other goods.
In 2014 Overstock accepted Bitcoin as a means of payment for all products in their platform marketplace.
Overstock is a well-known online retailer in the United States, partnering with Coinbase to allow orders using Bitcoin as payment.
It is the first mobile carrier company in the United States to accept Bitcoin as payment via BitPay. The company adopted cryptocurrency payments in 2019.
This is a company that provides products for mobile, phone, wireless, TV, internet, etc. Payments with cryptocurrencies mine a wide range of transaction convenience.
Whole Foods is Amazon’s organic food and natural foods marketplace, the company accepts cryptocurrency as a payment method that converts into USD. Besides Bitcoin, it also allows buyers to pay with other cryptocurrencies such as DASH, and ETH, or stable coins such as USDT and USDC.
Whole Foods accepts cryptocurrency thanks to the collaboration of Flexa and Gemini through the Flexa App. Gemini is a cryptocurrency exchange by Tyler and Cameron Winklevoss.
Starbucks corporation is a coffee shop company that has been around for more than 50 years and has branches in various countries.
The company accepts cryptocurrencies by partnering with Bakkt as a digital wallet provider. Or the buyer can convert cryptocurrency to dollars in his Paypal account, this feature may only be available to Paypal users in the US.
Rakuten is an E-Commerce company based in Japan, announced to accept cryptocurrency in a press release posted on February 24, 2021.
The company Rakuten group announced it accepts cryptocurrency payments in Rakuten Pay and Rakuten Point Card-affiliated for payments across Japan. This service supports Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).
Twitch is an online video streaming platform owned by Amazon, which became an adopter of cryptocurrencies in 2014 including Bitcoin, Bitcoin Cash and Ether, BUSD, PAX, GUSD, USDC, and XRP.
Users can add payment wallets with cryptocurrency on their channels.
Burger King is one of the world’s leading food companies, according to Cointelegraph they started accepting Bitcoin as payment at their branch in Germany in 2019. Unfortunately, management stopped these payments in May.
While reports from outlets in Venezuela, release 2020 in collaboration with Cryptobuyer to accept cryptocurrencies as a mode of payment. In this case, customers can pay uses Bitcoin, Ethereum, Dash, Litecoin, and Tether.
In recent news from Economictimes, Burger King may accept Dogecoin if the proposal is accepted by management.
In 2018 KFC Canada accepted cryptocurrency by partnering with Bitpay for a limited time according to Coindesk. The Bitcoin Bucket adverts that across Canada customers can pay for roughly 20 products with Bitcoin depending on the rate at the time.
In September 2020 Pizza Hut started accepting cryptocurrency for payments, Venezuela was the first Pizza Hut outlet to accept cryptocurrency.
By collaborating with Cryptobuyer, it allows customers to pay with Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Binance Coin (BNB), Binance USD (BUSD), Ether (ETH), Tether (USDT), Dai ( DAI), and its native token XPT.
This is a basketball group in the United States that joins the NBA. They accept Bitcoin via BitPay which will process all ticket and merchandise payments.
It is an American professional football group from Miami, Florida, a member of the eastern division of the American Football Conference of the National Football League.
In 2019 in collaboration with the Litecoin Foundation which became the official cryptocurrency of the Miami Dolphins.
Namecheap is a company that serves the registration and sale of domain names, and as a web hosting provider. The company announced it accepts Bitcoin to complement other payment methods such as Paypal, Mastercard, Visa, and American Express.
Richard Kirkendall founded Namecheap in 2000 and claims to have registered more than three million domain names.
Norwegian Air Shuttle
In 2019 Coindesk reported that Norwegian Air Shuttle plans to provide a Bitcoin ticket payment option. It was an effort by Bjørn Kjos and his family who founded the Norwegian Block Exchange (NBX) and allowed passengers to pay with cryptocurrency.
This is a company that is a travel agency from the United States that has accepted Bitcoin since 2013 in collaboration with Coinbase, which then chose BTCPayServer. Besides Bitcoin, it also accepts Bitcoin Cash, Dash, and Litecoin. Jeff Klee found CheapAir in 1989.
Newegg is a company from the California United States. This is company retails computer hardware and software, founded in 2001. In its promotion, Newegg accepts Bitcoin as a payment method.
Those are some of the top Bitcoin mining companies and companies that accept cryptocurrencies, especially Bitcoin.
Although currently there is only one country that has officially legalized Bitcoin, namely El Salvador. But some of its main companies from the United States have adopted Bitcoin.
Maybe there are other companies adopting Bitcoin that have not been on the list here. You may know about it, please write in the comments.
Note: this article is for informational purposes only. Not an invitation or investment advice. Crypto and forex CFD are risky assets, each investor is responsible for his/her investment.
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