Bitcoin mining companies survey: Who holds the most BTC and where is the miners’ surrender line?

Original title: "A survey of Bitcoin mining companies: Marathon Digital holds 20,000 BTC and ranks first, where is the deadline for miners to surrender?"

Original author: Zhang joy, BlockTempo

According to statistics from HODL 15 Capital today (8), among the listed Bitcoin mining companies, the total Bitcoin holdings of major mining companies are 54,220, with a value of US$3.1 billion. Among them, Marathon Digital holds 20,818 BTC, ranking first.

Bitcoin completed its fourth halving event in history in April this year. After miners experienced a wave of consolidation in May and June, everyone is paying attention to whether miners continue to sell. According to statistics from HODL 15 Capital today (8), among the listed Bitcoin mining companies, the total Bitcoin holdings of major mining companies are 54,220, with a value of US$3.1 billion.

Specifically:

Marathon Digital holds 20,818 BTC, ranking first

The second is Riot Platforms, holding 9,334 BTC

Hut8 holds 9,109 BTC, ranking third

The holdings of other mining companies are: Cleanspark holds 7,082 BTC; Hive Digital holds 2,496 BTC; Cifer Mining holds 2,270 BTC; Canaan holds 1,057 BTC; Bit Digital holds 1,038 BTC; Bitfarms holds 1,016 BTC.

Bitcoin shutdown price falls to $43,000

Ki Young Ju, CEO of CryptoQuant, posted yesterday (7) that according to the 2024 Q2 quarterly report of the US mining company Marathon Digital, the current mining cost per BTC is around $43,000.

He said that if the price of Bitcoin is lower than this level, mining companies may further liquidate Bitcoin under operational pressure. But if Bitcoin can hold the $45,000 mark, BTC is still expected to set a new record high within 1 year:

In my opinion, as long as the price of Bitcoin remains above $45,000, it is possible to break the record high again within a year.

From past history, Bitcoin usually does not fall below the shutdown price in a bull market. Whether this time will also meet this convention is worth our continued attention.

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