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ยฉ 2026 Nonce
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Dashboardโ€บFleet Efficiency Ranking
Ranking ยท as of 2026Q2

Fleet Efficiency Ranking

Public Bitcoin miners ranked by fleet efficiency in J/TH. Lower is better.

BTC Production RankingOperational Hashrate RankingBTC Treasury RankingCash Cost per BTC RankingFleet Efficiency Ranking
Total Efficiency (2026Q2)
32.1 J/TH
-82.1% vs prior quarter
Highest miner
ABTC
16 J/TH
Average per miner
16.1 J/TH
-10.1% vs prior quarter
Companies reporting
2
2026Q2

Top miners by Efficiency

LabelValue (J/TH)
ABTC16 J/TH
CLSK16.07 J/TH

Efficiency quarterly trend (Top 8)

QuarterABTC (J/TH)CLSK (J/TH)
2024Q3โ€”21.94
2024Q4โ€”17.59
2025Q1โ€”17.2
2025Q2โ€”16.6
2025Q3โ€”16.7
2025Q416.316.8
2026Q11616.07
2026Q21616.07
#CompanyEfficiencyFleet-weighted average efficiency (J/TH).QoQ %Change in production vs the previous quarter.YoY %Change in production vs the same quarter a year ago.BTC ProductionSelf-mined BTC for the quarter; excludes amounts sold.TreasuryQ-end company-held BTC, including lent or pledged amounts still owned.HashrateQuarterly average operating hashrate (EH/s).Cash Cost / BTCDirect cash spend per BTC: electricity, hosting, opex.Source
1American Bitcoin(ABTC)16 J/TH0.0%โ€”93517,31628.1 EH/sโ€”2026Q2 โ†—
2CleanSpark(CLSK)16.07 J/TH0.0%-3.2%1,92513,92445 EH/sโ€”2026Q23
3Bitfarms(BITF)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
4Bitdeer Technologies(BTDR)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
5Canaan(CAN)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
6Cango Inc.(CANG)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
7Cipher Mining(CIFR)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
8Core Scientific(CORZ)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
9BitFuFu(FUFU)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
10HIVE Digital Technologies(HIVE)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
11Hut 8(HUT)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
12Iris Energy(IREN)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
13Keel Infrastructure(KEEL)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
14Marathon Digital Holdings(MARA)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
15Riot Platforms(RIOT)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
16Soluna Holdings(SLNH)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
17TeraWulf(WULF)โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”

Lower is better. Data sources: SEC filings, company announcements and investor materials. Snapshot built 2026-08-14.