Mining firms may exceed $100 bln market cap by 2025

A report by H.C. Wainwright & Co. suggests that the combined market valuation of publicly listed bitcoin mining firms could surpass $100 bln by mid-2025. Throughout 2024, their aggregate valuation rose nearly 65%, driven by bitcoin’s price surge and growing institutional capital inflows.

Analysts claim that major contributors include top players in the U.S. and Canada, where state-level support is boosting the industry. The study also notes an uptick in M&A activity, with around 12 significant deals closed over the past nine months.

If current trends persist, public corporations could command 37% of global hashrate by late 2025, enhancing their funding capabilities. However, experts caution about market concentration risks and stricter regulatory demands.