10 Biggest Blockchain Companies

COIN, MNXBF, and BTCM lead the 10 biggest blockchain companies list

The blockchain industry is still relatively young but is growing rapidly. Blockchains are distributed databases shared among the nodes of computer networks. They are best known for the role they play in cryptocurrencies, such as Bitcoin, for maintaining a secure and decentralized record of transactions.

Blockchains guarantee the authenticity and security of a record of data and generate trust without the need for a trusted third party. Companies within the industry include financial technology (fintech) companies, cryptocurrency miners, manufacturers of blockchain technology, and other kinds of companies.

We look in detail below at the 10 biggest blockchain companies by trailing-12-month (TTM) revenue. Some companies outside the United States report profits semiannually instead of quarterly, so the TTM data may be older than it is for companies that report quarterly. Also, some of these companies have other sources of revenue besides their blockchain operations. This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or through American depositary receipts (ADRs).

Key Takeaways

  • Blockchain is the core database technology behind bitcoin and cryptocurrencies.
  • Blockchain is now a major industry that has birthed several billion-dollar companies.
  • One of the most successful blockchain companies is Coinbase, an online cryptocurrency broker with annual revenues of nearly $6 billion.
  • Other major players have scored big profits by building mining hardware, investing, or providing exchange platforms.
  • Some of these companies also earn revenue from more traditional lines of business.

#1 Coinbase Global Inc. (COIN)

Coinbase Global is a global provider of financial infrastructure, including transaction services, and technology designed for the crypto economy. The company’s platform enables its retail users to invest, spend, save, earn, and use cryptocurrencies. The platform also provides institutions with a deep pool of liquidity for transacting in crypto assets and enables crypto-ecosystem partners to build crypto-based applications as well as securely accept crypto assets as payment.

Coinbase went public in April 2021, which is why there is no one-year trailing total return data for the company.

#2 Monex Group Inc. (MNXBF)

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

Monex Group is a Japan-based online financial institution. It operates retail online brokerages in Japan, the U.S., China, and Australia. The company also offers services in asset management, investment education, mergers and acquisitions (M&A) advising, international foreign exchange (forex), and cryptocurrency exchange.

#3 BIT Mining Ltd. (BTCM)

  • Revenue (TTM): $450.1 million
  • Net Income (TTM): -$27.9 million
  • Market Cap: $494.5 million
  • One-Year Trailing Total Return: 146.7%
  • Exchange: New York Stock Exchange (NYSE)

BIT Mining is a Hong Kong-based cryptocurrency mining company. Its business operations span cryptocurrency mining, data center, and mining pool. A mining pool is a joint group of cryptocurrency miners who combine their computational resources over a network to successfully mine for cryptocurrency. The company also owns the blockchain browser BTC.com.

#4 Canaan Inc. (CAN)

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

Canaan is a China-based provider of high-performance computing solutions. The company is focused on application-specific integrated circuit (ASIC) high-performance computing chip design, as well as chip research and development, computing equipment production, and software services. It provides a range of artificial intelligence (AI) services and is involved in the research and development of advanced technology, such as AI chips, AI algorithms, system on a chip (SoC) integration, and more.

#5 Voyager Digital Ltd. (VYGVF)

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

Voyager Digital operates as a crypto asset brokerage that provides retail and institutional customers access to a digital platform for buying and selling crypto assets. The company’s mobile application offers a secure way to trade more than 60 different crypto assets. It also offers global crypto payment solutions for consumers and merchants.

#6 SOS Ltd. (SOS)

  • Revenue (TTM): $224.9 million
  • Net Income (TTM): -$7.2 million
  • Market Cap: $238.7 million
  • One-Year Trailing Total Return: -51.8%
  • Exchange: NYSE

SOS is a China-based technology company that claims to have AI blockchain as its core technology. The company offers customers information technology services such as rescue, big data, trade, and digital asset management. It also provides information security services and marketing-related data, technology and solutions for emergency rescue services such as insurance, finance, medical care, health, automobile, safety, and mutual aid.

#7 HIVE Blockchain Technologies Ltd. (HIVE)

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

HIVE Blockchain Technologies is a Canada-based cryptocurrency mining company. The company owns 100% green energy-powered data center facilities in Canada, Sweden, and Iceland, which are used to mine digital currencies like Bitcoin and Ethereum.

#8 Silvergate Capital Corp. (SI)

  • Revenue (TTM): $170.9 million
  • Net Income (TTM): $78.5 million
  • Market Cap: $2.9 billion
  • One-Year Trailing Total Return: 168.5%
  • Exchange: NYSE

Silvergate Capital is the parent company of Silvergate Bank, a provider of financial infrastructure solutions and services to participants in the digital currency industry. The company leverages its technology platform to develop solutions for many of the largest U.S. digital currency exchanges and investors around the world.

#9 Riot Blockchain Inc. (RIOT)

  • Revenue (TTM): $127.6 million
  • Net Income (TTM): $15.4 million
  • Market Cap: $2.7 billion
  • One-Year Trailing Total Return: 123.6%
  • Exchange: Nasdaq

Riot Blockchain is a Bitcoin mining company. The company’s mining operations include its facility in Texas and its hosted miners at Coinmint LLC’s New York facility. The U.S. facility is a wholly owned subsidiary of Riot Blockchain and consists of the single largest Bitcoin mining and hosting facility in North America, as gauged by its electricity-generating capacity.

#10 Bitfarms Ltd. (BITF)

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

Bitfarms is a Canada-based cryptocurrency mining company. In addition to its mining operations, it offers on-site technical repair, data analytics, and electrical engineering and installation services. It operates in two primary segments: the first operates server farms that support the validation and verification of blockchain transactions, and the second provides electrician services to commercial and residential customers in Quebec.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. YCharts. “Coinbase Global Inc (COIN): Key Stats.”

  2. YCharts. “Monex Group Inc (MNXBF): Key Stats.”

  3. YCharts. “BIT Mining Ltd (BTCM): Key Stats.”

  4. YCharts. “Canaan Inc (CAN): Key Stats.”

  5. YCharts. “Voyager Digital Ltd (VYGLVF): Key Stats.”

  6. YCharts. “SOS Ltd (SOS): Key Stats.”

  7. YCharts. “HIVE Blockchain Technologies Ltd (HIVE.V): Key Stats.”

  8. YCharts. “Silvergate Capital Corp (SI): Key Stats.”

  9. YCharts. “RIOT Blockchain Inc (RIOT): Key Stats.”

  10. YCharts. “Bitfarms Ltd (BITF.V): Key Stats.”

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