10 Biggest Blockchain Companies

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10 Biggest Blockchain Companies

The blockchain sector is still in its early stages, but it is fast expanding. Blockchains are distributed databases that are shared across computer network nodes. They are most recognized for their function in cryptocurrencies like Bitcoin in keeping a secure and decentralized record of transactions.

Blockchains provide the validity and security of a data record, generating confidence without the requirement for a trusted third party. Companies in the sector include financial technology (fintech) firms, cryptocurrency miners, blockchain technology makers, and others.

Below, we examine the top ten blockchain firms in terms of trailing-12-month (TTM) revenue. Because certain corporations outside the United States report earnings semiannually rather than quarterly, the TTM statistics for such companies may be older than for those that report quarterly. Furthermore, several of these firms get money from sources other than their blockchain activities. This list only includes firms that are publicly traded in the United States or Canada, either directly or through American depositary receipts (ADRs).

Key Takeaways

  • Blockchain is the underlying database technology that powers bitcoin and other cryptocurrencies.
  • Blockchain is currently a multibillion-dollar business with numerous billion-dollar enterprises.
  • Coinbase, an online cryptocurrency broker with yearly sales of approximately $6 billion, is one of the most successful blockchain startups.
  • Other prominent actors have made significant profits through developing mining gear, investing, or operating exchange systems.
  • Some of these businesses also make money from more conventional areas of business.

#1 Coinbase Global Inc. (COIN)

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

Coinbase Worldwide is a global supplier of financial infrastructure, including transaction services and cryptocurrency-related technologies. The platform allows retail customers to invest, spend, save, earn, and utilize bitcoins. The platform also offers institutions with a large pool of liquidity for transacting in crypto assets and allows crypto-ecosystem partners to create crypto-based services and accept crypto assets as payment securely.

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Coinbase went public in April 2021, hence there is no one-year trailing total return data available. 1

#2 Monex Group Inc. (MNXBF)

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

Monex Group is an online banking firm located in Japan. It runs retail internet brokerages in Japan, the United States, China, and Australia. Asset management, investing education, mergers and acquisitions (M&A) consulting, international foreign exchange (forex), and cryptocurrency exchange are all services provided by the organization. 2

#3 BIT Mining Ltd. (BTCM)

  • Revenue (TTM): $450.1 million
  • TTM Net Income: -$27.9 million
  • Market Cap: $494.5 million
  • 146.7% one-year trailing total return
  • The New York Stock Exchange (NYSE)

BIT Mining is a bitcoin mining firm situated in Hong Kong. Its businesses include cryptocurrency mining, data centers, and mining pools. A mining pool is a group of cryptocurrency miners that pool their computing capabilities to effectively mine for cryptocurrency across a network. BTC.com, a blockchain browser, is also owned by the corporation. 3

#4 Canaan Inc. (CAN)

  • Revenue (TTM): $438.7 million
  • TTM Net Income: $87.4 million
  • Market Cap: $905.0 million
  • Total Return for One Year: 24.7%
  • Exchange: Nasdaq

Canaan is a high-performance computing solution company located in China. The firm focuses on high-performance computer chip design using application-specific integrated circuits (ASICs), as well as chip research and development, computing equipment manufacture, and software services. It offers a variety of artificial intelligence (AI) services and is active in advanced technology research and development, including AI chips, AI algorithms, system on a chip (SoC) integration, and more. 4

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#5 Voyager Digital Ltd. (VYGVF)

  • Revenue (TTM): $254.6 million
  • TTM Net Income: -$76.4 million
  • Market Cap: $1.2 billion
  • Total Return for One Year: 314.4%
  • Exchange: OTC Markets

Voyager Digital is a cryptocurrency asset brokerage that gives retail and institutional clients access to a digital platform for buying and selling cryptocurrency assets. The company’s mobile app provides a safe method to trade over 60 different crypto assets. It also provides worldwide cryptocurrency payment options for both consumers and businesses. 5

#6 SOS Ltd. (SOS)

  • Revenue (TTM): $224.9 million
  • TTM Net Income: -$7.2 million
  • Market Cap: $238.7 million
  • -51.8% one-year trailing total return
  • Exchange: NYSE

SOS is a technological business located in China that claims to have AI blockchain as its primary technology. The firm provides information technology services to clients such as rescue, big data, trading, and digital asset management. It also offers information security and marketing-related data, as well as technology and solutions for emergency rescue services such as insurance, finance, medical care, health, vehicle, safety, and mutual help. 6

#7 HIVE Blockchain Technologies Ltd. (HIVE)

  • Revenue (TTM): $245.8 million
  • TTM Net Income: $132.2 million
  • Market Cap: $975.3 million
  • Total Return for One Year: 25.7%
  • Exchange: Nasdaq

HIVE Blockchain Technologies is a bitcoin mining firm situated in Canada. The firm has 100% green energy-powered data center facilities in Canada, Sweden, and Iceland, where digital currencies such as Bitcoin and Ethereum are mined. 7

#8 Silvergate Capital Corp. (SI)

  • Revenue (TTM): $170.9 million
  • TTM Net Income: $78.5 million
  • Market Cap: $2.9 billion
  • 168.5% one-year trailing total return
  • Exchange: NYSE
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Silvergate Capital is the parent business of Silvergate Bank, which provides financial infrastructure solutions and services to digital currency players. The firm uses its technological platform to provide solutions for several of the world’s major digital currency exchanges and investors. 8

#9 Riot Blockchain Inc. (RIOT)

  • Revenue (TTM): $127.6 million
  • TTM Net Income: $15.4 million
  • Market Cap: $2.7 billion
  • 123.6% one-year trailing total return
  • Exchange: Nasdaq

Riot Blockchain is a cryptocurrency mining firm. The company’s mining activities comprise its Texas plant and hosted miners at Coinmint LLC’s New York location. Riot Blockchain’s U.S. facility is a fully owned subsidiary, and it houses the single biggest Bitcoin mining and hosting facility in North America, as measured by its electricity-generating capacity. 9

#10 Bitfarms Ltd. (BITF)

  • Revenue (TTM): $121.1 million
  • Net Income (TTM): $7.1 million
  • Market Cap: $885.6 million
  • Total Return for One Year: 323.8%
  • Exchange: Nasdaq

Bitfarms is a bitcoin mining firm situated in Canada. It provides on-site technical maintenance, data analytics, and electrical engineering and installation services in addition to mining activities. It has two core business segments: the first runs server farms that facilitate the authentication and verification of blockchain transactions, and the second offers electrician services to commercial and residential clients in Quebec. 10

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