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Nonce Bitcoin Mining Company Data & Analytics

Nonce Bitcoin mining data hub: track 17 publicly listed Bitcoin mining companies. Compare BTC production, treasury, hashrate, power capacity, fleet efficiency and unit costs from SEC filings and company disclosures.

Industry snapshot · as of 2026Q2

All companies →
Total BTC Production
12,861.5
14 companies
Total Treasury
86,936
14 companies
BTC Price vs Miner Cost
Live
$81,074
Cost $54K · +50.7% profit
Weighted Cash Cost / BTC
$54K
2026Q2

Company Rankings · 2026Q2

2026Q2
#CompanySelf-mined BTC for the quarter; excludes amounts sold.Change in production vs the previous quarter.Change in production vs the same quarter a year ago.Q-end company-held BTC, including lent or pledged amounts still owned.Quarterly average operating hashrate (EH/s).Operating electricity price ($/kWh); can be negative on a net basis.Direct cash spend per BTC: electricity, hosting, opex.Net electricity / energy cost to produce one BTC.Operable power capacity at quarter end (MW).Fleet-weighted average efficiency (J/TH).Source
1Bitdeer Technologies(BTDR)2,694+32.4%+376.8%15080.9 EH/s$0.044$40K$36K1,795 MW15.8 J/TH2026Q23
2Marathon Digital Holdings(MARA)2,422+7.8%+2.7%35,57757.4 EH/s$0.040$61K$39K1,900 MW17.3 J/TH2026Q2 ↗
3CleanSpark(CLSK)1,925+7.0%-4.3%13,92445 EH/s———808 MW16.07 J/TH2026Q23
4Riot Platforms(RIOT)1,587+7.7%+11.3%11,38037.2 EH/s$0.036$50K$40K1,292 MW—2026Q22
5HIVE Digital Technologies(HIVE)1,004+14.6%+147.3%19024 EH/s$0.054$51K$46K440 MW16.1 J/TH2026Q2 ↗
6American Bitcoin(ABTC)935+14.4%—17,31628.1 EH/s———710 MW16 J/TH2026Q2 ↗
7Cango Inc.(CANG)656—-53.3%1,05627.58 EH/s—$73K—50 MW—2026Q22
8Keel Infrastructure(KEEL)354-8.8%—2,2618.6 EH/s$0.054$93K$54K341 MW19 J/TH2026Q22
9Cipher Mining(CIFR)346-23.3%-32.0%64611.6 EH/s$0.028$43K$37K207 MW17.2 J/TH2026Q22
10Core Scientific(CORZ)300-24.1%-52.7%848——$79K$60K300 MW—2026Q23
11Canaan(CAN)244-5.4%-14.1%1,9155.57 EH/s$0.043——246.2 MW23.7 J/TH2026Q22
12BitFuFu(FUFU)192+52.4%+34.3%1,67115.3 EH/s—$59K—273 MW17.9 J/TH2026Q23
13TeraWulf(WULF)179+6.5%-63.1%25.6 EH/s$0.049$45K$44K145 MW16.4 J/TH2026Q2 ↗
14Soluna Holdings(SLNH)23.5-17.3%-17.8%00.598 EH/s—$41K—192 MW23 J/TH2026Q23
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Visual comparison · 2026Q2

BTC Production · 2026Q2

LabelValue
BTDR2,694
MARA2,422
CLSK1,925
RIOT1,587
HIVE1,004
ABTC935
CANG656
KEEL354
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Hashrate (EH/s) · 2026Q2

LabelValue (EH/s)
BTDR80.9 EH/s
MARA57.4 EH/s
CLSK45 EH/s
RIOT37.2 EH/s
ABTC28.1 EH/s
CANG27.58 EH/s
HIVE24 EH/s
FUFU15.3 EH/s
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Treasury · 2026Q2

LabelValue
MARA35,577
ABTC17,316
CLSK13,924
RIOT11,380
KEEL2,261
CAN1,915
FUFU1,671
CANG1,056
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Cash Cost / BTC · 2026Q2

LabelValue
BTDR$39,866
SLNH$40,766
CIFR$43,486
WULF$44,547
RIOT$49,912
HIVE$50,797
FUFU$59,000
MARA$60,743
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Frequently Asked Questions

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Why can cost per bitcoin and electricity price be negative?+

A negative value does not mean mining is free — it means the company reports on a net basis: subsidies, demand response revenue, curtailment compensation, or power resale revenue can exceed actual electricity cost in a period, making the net electricity price or energy cost per bitcoin go below zero.

What is the difference between energy cost per bitcoin and cash cost per bitcoin?+

Energy cost per bitcoin covers electricity / energy only. Cash cost per bitcoin is broader: site operations, hosting fees, maintenance, mining pool fees, on-site labor, insurance, and other direct cash outflows. Cash cost is typically higher.

What does average operating hashrate mean? Why is it preferred for comparison?+

Average operating hashrate is the hashrate that actually runs and produces BTC over a period. It differs from deployed / installed hashrate — those do not guarantee full-quarter uptime. Since BTC production and electricity consumption come from actual operations, average operating hashrate aligns best for cross-company comparison.

Data snapshot built 2026-09-20

Why may the same metric differ across data websites?
+

Disclosure has multiple methodologies; common differences:

  1. Quarter basis: calendar vs fiscal
  2. Hashrate methodology: average operating vs period-end vs deployed
  3. Cost methodology: electricity-only vs electricity + hosting vs disclosed "average mining cost"
  4. Power credits: subsidies / curtailment / resale revenue may or may not be deducted
  5. Non-cash items: depreciation / impairment / SBC / BTC fair value changes
  6. Source priority: filings vs monthly production updates vs investor decks

Different numbers usually mean different methodology, not an error.

Why can methodology differ across years for the same company / metric?+

Business structure and disclosure practices evolve:

  1. Business model: hosted ↔ self-mining / cloud / data center
  2. Mining assets: M&A, JVs, relocations, expansions, shutdowns
  3. Disclosure habits: one year average operating hashrate, another deployed only
  4. Cost classification: electricity / hosting / maintenance / depreciation presentation
  5. Industry environment: halvings, power restrictions, accounting standards
  6. Restatements: annual reports or later quarters revising earlier metrics

We track both the number and its source / methodology.