Global #Bitcoin mining industry

Hut 8, a prominent North American Bitcoin mining company, has unveiled a strategic plan to bolster its operations and Bitcoin holdings.

In October, two major players in the Bitcoin mining industry—Marathon Digital and Riot Platforms—reported strong Bitcoin production numbers, marking their highest monthly outputs since the Bitcoin halving event in April 2024.

For years, Beijing-based Bitmain Technologies has held an iron grip on the Bitcoin mining industry, commanding an estimated 90% of the global market for the specialized hardware essential to powering the cryptocurrency’s decentralized network.

Marathon Digital Holdings, a prominent player in the Bitcoin mining industry, has recently announced its expansion into Europe, marking a significant milestone in its global diversification strategy. This strategic move sets Marathon apart from many of its North American competitors who remain predominantly focused on domestic projects.