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Publicly Listed Bitcoin Miners Expand Global Share to 32.5%

Eighteen mining firms now account for nearly one-third of worldwide Bitcoin output, while Ethereum introduces its 002 Blob expansion plan.

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Summary

Data from the second quarter shows that 18 publicly listed or soon-to-be-listed mining companies boosted their share of global Bitcoin production to 32.5%, compared with 21.1% a year earlier. The increase was not uniform across all firms. Separately, Ethereum announced its 002 Blob expansion plan.

Terms & Concepts
  • Bitcoin Mining: The process by which miners validate transactions and add new blocks to the blockchain while earning Bitcoin as rewards.
  • Publicly Listed Mining Companies: Corporate entities whose shares trade on public exchanges and that operate Bitcoin mining facilities.
  • Ethereum Blob Expansion Plan: A planned technical upgrade to Ethereum involving 'blobs,' aimed at improving scalability and data handling.