Crypto Activities: A Look at Leaders and Newcomers in 2024
In the dynamic world of cryptocurrency, several companies have made significant strides in 2024, particularly in Bitcoin mining and holding. Here's a look at the performance of some key players in the industry.
MicroStrategy
Leading the pack is MicroStrategy, an IT company that has transformed into the undisputed leader in the crypto industry. With a staggering 417.23% increase in market capitalization, MicroStrategy now boasts a valuation of $87.23 billion. The company's focus on Bitcoin has been unwavering, and it has significantly expanded its Bitcoin treasury, amassing nearly 629,000 BTC, valued at over $70 billion as of mid-2025.
Core Scientific, Bitdeer Technologies, Terawulf, Hut 8, and Others
Other prominent players in the Bitcoin mining sector include Core Scientific, Bitdeer Technologies, Terawulf, Hut 8, and a few others. These companies have been instrumental in the growth of the Bitcoin mining industry and the accumulation of Bitcoin. However, specific 2024 performance metrics such as revenue, profits, or Bitcoin holdings for these individual companies are not readily available.
Core Scientific, a data center operator for mining, saw a 169.55% increase in its market capitalization, reaching $4.18 billion. Terawulf, engaged in the development of energy infrastructure for Bitcoin mining, experienced a 112.63% increase and a market capitalization of $2.4 billion. Hut 8, another miner, reported a 61.22% increase and a market capitalization of $2.27 billion.
Other Notable Developments
- Bitdeer Technologies, an AI and mining cloud computing provider, reported a total hash rate of 20.7 EH/s, with 8.2 EH/s coming from its own miners. As of November, Terawulf's own hash rate was around 8.4 EH/s. Hut 8, as of November, had equipment under management with a total hash rate of 21 EH/s, of which 5.7 EH/s was its own hash rate.
- In July, Core Scientific agreed to purchase 3-nm mining chips from Jack Dorsey's project for $300 million. In October, Terawulf announced the issuance of convertible bonds worth $350 million to raise funds for share buybacks.
- Bitcoin's price increased by 125% in 2024, contributing to the overall growth of the crypto market. The total market capitalization of crypto nearly doubled, growing from $1.724 trillion to $3.417 trillion.
- Argo Blockchain's market capitalization has decreased by 84.62% year-to-date to $42.70 million. Gryphon Digital Mining's market capitalization has dropped by 95.23% year-to-date to $22.25 million, while Hive Digital's market capitalization has decreased by 37.9% year-to-date to $403.9 million. Greenridge Generation's market capitalization has decreased to $19.79 million, down 76.96% year-to-date.
- In August, Gryphon reported 0.94 EH/s of its own hashrate. As of August, the total hashrate of Argo's data centers in Texas and Quebec is 2.7 EH/s. As of September 2024, Greenridge Generation's total hashrate is 3.1 EH/s, with 1.3 EH/s allocated for the company's cryptocurrency mining.
- In July, Hive announced the construction of a 100 MW data center for mining in Paraguay.
- The S&P 500 index rose by 25%.
In summary, while MicroStrategy stands out with clear growth and Bitcoin accumulation in 2024, detailed growth data for the other named crypto companies remain unavailable in the search results. For precise financial performance or stock market growth details for Core Scientific, Bitdeer Technologies, Terawulf, or Hut 8 in 2024, further specialized financial reports or company disclosures from 2024 would be required.
- In the realm of technology-driven investing, MicroStrategy, with its substantial focus on Bitcoin, showcased significant growth in 2024, recording a 417.23% increase in market capitalization, making it a leading player in the cryptocurrency industry.
- Despite MicroStrategy's remarkable performance, specific 2024 financial data, including revenue, profits, or Bitcoin holdings, are not readily available for other key players such as Core Scientific, Bitdeer Technologies, Terawulf, and Hut 8.
