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Crypto Mining Companies in the U.S.

The United States is home to some of this fast-paced industry's most successful mining companies. However, they have a fair share of hurdles. A couple of them declared bankruptcy during the recent crypto winter that saw the cryptocurrency industry lose about $2 trillion in value. Whereas some, like EZ Blockchain, managed to survive.

In this article, let’s delve deeper into the top crypto mining companies in the US and shed some light on the features that set them apart.

The Top Bitcoin Mining Companies in the U.S.

After China’s crackdown on cryptocurrency, the United States took over as the greatest Bitcoin mining hub. The US hosts some of the best crypto mining companies in the industry, some of which survived the recent bear market and are still afloat. Here is an overview of the best Bitcoin mining companies in the US. 

  • EZ Blockchain
  • Riot Platforms
  • Marathon Digital Holdings INC.

EZ Blockchain

The Illinois-based company launched in 2017 but is already a top mining company focused on tackling the global waste energy problem with crypto mining.

It is a self-funded company with a phenomenal growth rate in multiple locations. The largest facility in the United States focuses on reinventing waste management through Bitcoin mining.

The company pursues sustainable crypto mining using renewable energy sources of Wind, Gas, Solar, and Nuclear energy. Additionally, it uses innovative techniques to access cheap energy from wasted energy and flared gas in oil fields. 

EZ Blockchain prides itself on producing air and immersion-cooled mobile data centers that are completely plug-and-play. The company also provides hosting services at $0.065-$0.9 per kWh with a minimum of 10+ miners to participate. 

The company has accomplished numerous projects across the US, enabling it to remain afloat and carry out profitable and environmentally friendly crypto mining.

Having been in the business since 2017, EZ Blockchain has seen many high-flying crypto miners join and exit the industry, particularly during the crypto winter that seemed to be the death of crypto. The company remained in good shape by optimizing expenses and avoiding debts. It is the only company that is bootstrapping and not taking investor money. It utilizes innovative solutions that enable it to create revenue streams while operating optimally.

In a nutshell, here is how EZ Blockchain survived the longest crypto winter. 

Minimizing Operational Costs

By reducing operational costs, the company cuts down on its mining expenses, allowing it to remain operational until the end of the crypto winter. With a lower expenditure, the mining rewards can meet the critical expenses necessary for the company to survive. 

EZ Blockchain utilizes wasted energy to reduce power costs and realize green Bitcoin mining goals. They also use wind, solar, gas, and nuclear, providing hosting services for miners looking to mine more efficiently.

Selling BTC Immediately It’s Mined

Most companies hold a stack of Bitcoin from their block rewards in Bitcoin mining. As such, miners with small operating cashflows who find it difficult to meet the Bitcoin mining expense can liquidate their block rewards as soon as they mine. That way, the company can pay for upcoming expenses and remain operational. It saves the company from selling other assets, such as mining equipment, or shutting down operations. 

Using Low-Cost Power Facilities

EZ Blockchain exploits wasted energy in oil fields by deploying the necessary infrastructure to the oil and gas fields to turn their wasted energy into productive use. The company taps the gas and uses it on-site for Bitcoin mining, providing cheap energy that allows its miners to keep running amid the energy crisis. It also invests in solar, wind, and nuclear energy.

Running Miners In Low Power Mode

When miners run in low power mode, the voltage flowing to the computer processor and components is reduced dynamically on run time to conserve electric voltage. It decreases the power consumption of the mining hardware over time, resulting in the system using less power and lower temperatures. 

Doing More with Less

Bitcoin miners can participate in demand response programs to sell power back to the grid during high demand. With demand response programs, miners can reduce their energy costs and boost revenues, which can help meet some of their operational expenses or repay debts. Mining also becomes more profitable when companies mine during less expensive times. 


List of Bitcoin Mining Companies in USA

Riot Platforms Inc.

Riot is one of the largest publicly traded Bitcoin miners in the United States, focusing on proof-of-work mining to support the Bitcoin ecosystem. The company has about 335 employees who run its Bitcoin mining operations in Central Texas and Denver, Colorado.

The Texas-based mining and digital infrastructure company originally launched as Riot Blockchain. However, after the 2022 crypto winter, the company changed its name to Riot Platforms. In its press release announcing the rebranding, Riot revealed that the decision resulted from successful acquisitions of Whinstone U.S. and ESS Metron. 

Renewable energy sources power Riot’s self-mining operations and consume less power. They have deployed a fleet of over 95,000 miners with 10.7 EH/S, expected to hit 20.1 EH/s by mid-2024. The company’s current power capacity stands at 700 MW. 

Riot Blockchain aims to become the most prominent Bitcoin network supporter with a market capitalization of $2.05 billion. Notably, the company mined 1,775 BTC in the second quarter of 2023, a 27% increase from the amount of Bitcoin mined in the same period in 2022. Bitcoin price, however, averaged $33,000 at that time in the previous year. The mining revenue remained higher at $49.7 million for that quarter, against $46.2 million in 2022.

Marathon Digital Holdings Inc.

Marathon Digital is another Florida-based Bitcoin mining company of considerable size. The company aims to increase the hash rate or the amount of computer power Bitcoin miners use to mine new Bitcoins and validate network transactions while increasing Bitcoin production.

According to the latest data, Marathon Holdings has 66,000 active miners, achieving a 19.1 EH/S hash rate. Its power capacity stands at 324 megawatts. Much of its energy comes from fossil fuels, although the company intends to transition to carbon-free mining.

In one of their recent announcements, Marathon announced they mined 979 BTC in June, a 21% drop from the previous month. However, it was a 599% rise from its mining output from June 2022, which pits the company on a good trajectory after surviving the crypto winter. Also, the company is at its final stages of achieving a 23.3 EH/S, which will see it mine more BTC.

Top Bitcoin Mining Companies By State

All the 50 US states enjoy a high level of autonomy in all their aspects. Each state is a self-governing jurisdiction with its own laws, and endowed with different resources. As a result, Bitcoin mining operations in certain states thrive more than others due to differences in laws and resources.

For instance, Bitcoin miners in Texas enjoy the benefits of lower energy prices, tax subsidies, and incentive programs. This perhaps explains why it is the number one Bitcoin mining state in the US with more than 28% of the country’s hash rate

List of Bitcoin Mining Companies in Texas

Riot Platforms

Although Riot Platforms has Bitcoin mining operations in other US states, it’s still a leader in Bitcoin mining in Texas. Based on the metrics of its developed infrastructural capacity, Riot Platforms owns and operates the largest facility in North America. Its mining facilities in Texas are located in Rockdale and Corsicana. The Rockdale facility includes seven data centers with two using immersion-cooled technology, while the remaining five use air-cooled technology.

Cipher Mining 

Cipher is an industrial-scale Bitcoin mining company that launched in 2020. Despite being an emerging technology company, Cipher is among the crypto miners that survived the near crypto ice age period and are still in business. The company is uniquely dedicated to strengthening and expanding the Bitcoin network’s infrastructure in the US.

With a fleet of more than 65,000 miners and a hashing rate of 6.8 EH/S, the company managed to mine 1,112 Bitcoin in Q2 of 2023. According to the company’s operational updates released in August, Cipher mined 418 BTC in July, a 16% increase from the amount mined in June. Besides, the crypto miner recently acquired an additional 11,000 rigs to hit 7.2 EH/S by the end of Q3.

American Bitcoin Mining Companies in New York

Bit Digital Mining


Based in New York, Bit Digital is one of the largest publicly traded Bitcoin mining hubs in the US. The company is uniquely focused on sustainable crypto mining, with most of its mining operations running on carbon-free energy, hoping to go 100% green. The company has its Bitcoin mining operations spread across four US states, including its most recent 4.4 MW addition in Kentucky and an additional 17.5 MW for its facility in Texas. 

Overall, Bit Digital is an institutional-scale Bitcoin miner with 3.7 EH/s and a fleet of over 44,000 miners primarily consisting of ASICs. With its fleets in the US, Canada, and Iceland, Bit Digital has mined a total of 6,196 as of 31st December 2023. It recorded a 28% revenue increase in the third quarter of 2023, occasioned by a 27% growth in its Bitcoin production. The company also announced in December, its plans to double its operating fleet of miners to reach 6.0 EH/s in 2024. 

Biggest Bitcoin Mining Companies in Ohio

GRIID Infrastructure


Running Bitcoin mining operations since 2019, GRIID Infrastructure is one of the companies transforming Ohio into a Bitcoin mining hub. The company is based in Cincinnati and runs purpose-built, low-cost, and low-carbon infrastructure for Bitcoin mining in different locations. It’s an entirely self-mining business that is vertically integrated with its power demands, thanks to its long-term build environmentally responsible power relationships. 

GRIID Infrastructure has a total of four mining facilities in New York, Maynardville, and Tennessee. It has a total of 68 MW of power capacity, and 436 MW is under development and expected to be ready in 2024. 

Crypto Mining Companies in USA Washington DC


Bitfarms is a blockchain infrastructure company and one of the largest self-mining cryptocurrency firms in the United States. The company provides computing power to crypto networks, such as Bitcoin, and earns fees by securing and processing transactions from the networks.

Although it achieves a lower hash rate of 5.3 EH/S compared to other miners, it competes favorably with a 200 MW power capacity and a fleet of over 56,000 miners. The company’s overall Bitcoin mined in the second quarter was 1,223 BTC. Its 5.3 EH/S was a 10% increase in June, and the crypto miner targets to reach 7.0 EH/S in 2024.


Stronghold Digital Mining


Based in Pennsylvania, Stronghold Digital Mining is a vertically integrated Bitcoin mining company focused on Bitcoin mining through the reclamation of waste. The company is acknowledged for its innovative Alternative Energy System that runs an environmentally friendly Bitcoin mining operation. The system consists of two power generation through waste reclamation facilities that solve Pennsylvania’s coal waste problem altogether. The Scrubgrass plant has an 85 MW capacity, while the other facility in Panther Creek has an 80 MW power capacity. 

Based on the company’s news in December 2023, Stronghold acquired 5,000 miners from different companies, adding up to 1.0 EH/s to its mining capacity. With the fleet expected to be delivered no later than January 2024, Stronghold will see growth in its mining capacity and mining revenues. The company mined 207 BTC in December and made $8.5 million in revenue, marking its highest income in 2023. It also recorded $0.4 million in energy revenues.


CleanSpark Mining

CleanSpark is one of the top crypto mining companies in the US in terms of the number of miners deployed and hashing rate. As of 31st August, the mining facility had 88,217 operational miners with a hash rate of 9.3 EH/S. According to the company CEO, CleanSpark is changing the future of Bitcoin mining. They are working towards the 100% green energy goal by investing in low-carbon energy. 

According to a press release by CleanSpark on their financial results, the company recorded $42.5 million in revenues in Q2, having mined 1,871 BTC. This was a 109% increase from the same period in the prior year. Further, the Bitcoin miner announced they had made significant progress towards achieving a 16 EH/S hashing rate by the end of the year. 

Wrapping Up

While these companies survived the toughest crypto winter in history, a lot needs to be done to thrive in the fast-paced crypto industry. Bitcoin has currently rebounded to over $43,000, but it’s still significantly below its all-time high. However, for now, the threat may not be just about crypto prices. The next Bitcoin halving is only a few months away and will likely affect miners dramatically. 

The event, expected to happen in April 2024, will reduce the mining rewards per block by half. Computing power on the Bitcoin network could drop massively, resulting in a sharp increase in the cost of mining. According to the latest Bitcoin mining production cost statistics, the average cost of mining a single BTC varies significantly among different countries. 

However, regardless of where you are, using renewable sources drops the rates to as low as between $5,000 and $15,000. With the mining rewards expected to be slashed by half after the halving, only companies entirely focused on renewable energy can remain afloat. As such, crypto mining companies with the most efficient miners and lowest energy costs will have the best chances of surviving beyond the next Bitcoin halving.

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