Report: Bitcoin Miners Have $100K in BTC, But Owe $4.6 Billion

According to a new report, Bitcoin mining companies, whether privately held or publicly traded, currently hold more than 100,000 BTC in their accounts. However, there is one problem — these companies also have significant liabilities amounting to $4.6 billion.

Bitcoin Miners Are Teetering on the Brink of Debt with 100K BTC in Stock

Last week, all ten of the largest publicly traded Bitcoin mining companies posted gains, with Applied Digital catching the eye with an 11.46% gain. Additionally, theminermag.com, a news platform run by Blocksbridge Consulting data and research, released a report this week on the current state of Bitcoin mining.

The analysis highlights that among the 14 companies, representing both the private and public sectors, all ended February with a total of 101,000 BTC. According to theminermag.com findings, firms such as Cango, Core Scientific, Hut 8, Riot, Cleanspark, and MARA have seen double-digit declines compared to January.

Source: theminermag.com

This total supply of BTC is currently valued at $8.51 billion at current exchange rates. Meanwhile, the report also indicates that public Bitcoin miners have accumulated $4.6 billion in debt financing.

“With Bitcoin’s hashrate (daily revenue per unit of computing power) falling below $50 per PH/s again, having reached $45 per PH/s during the recent market downturn, it will be interesting to watch how this dynamic changes, especially for companies hosting their hardware,” theminermag.com analysis notes.

What about Bitcoin's hash rate? This is the estimated daily income a miner can extract from one petahash per second (PH/s) of SHA256 computing power. As of March 15, 2025, the hash rate was $47.85 per PH/s. Since February 15, the hash rate has dropped by 11.84% over the past 30 days.

Source: cryptonews.net