Back To Top

January 17, 2025

Bitcoin Miners Consolidate Power: Major Shift in Network Dynamics

A recent report from Bernstein uncovers a significant change in the Bitcoin mining community. Just twelve firms now dominate 30% of the network’s total hash rate, a remarkable increase from 22% in January 2024. This consolidation of power raises questions about the long-term health and decentralization of the Bitcoin network. As these companies gain more control, the landscape of Bitcoin mining continues to evolve. Understanding the implications behind this trend is crucial for investors and enthusiasts alike. Monitoring how this concentration impacts Bitcoin’s future will play a pivotal role in how stakeholders engage within the cryptocurrency ecosystem.

![Bitcoin Miners Power Shift](https://images.financialmodelingprep.com/news/bitcoin-miners-consolidate-power-12-firms-now-control-30-20250117.jpeg)

Prev Post

XRP Takes the Lead in Year-to-Date Gains Among Top 50…

Next Post

Ethereum Aims for $3,500 Again While Facing Weak Market Sentiment

post-bars
Mail Icon

Newsletter

Get Every Weekly Update & Insights

[mc4wp_form id=]

Leave a Comment