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 <p class="paragraph">BlackRock (NYSE: BLK) is the largest asset manager in the world, with $9.42 trillion in assets under management (AUM). Meanwhile, Bitcoin (BTC) is the largest cryptocurrency, with $827 billion in market capitalization.</p>
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 <p class="paragraph">Notably, BlackRock has shown a growing interest in cryptocurrencies, particularly in Bitcoin. On August 28, Finbold reported BlackRock as a major shareholder in 4 of the 5 largest Bitcoin miners. The company has also applied to launch a spot Bitcoin ETF through its ETFs arm, iShares.</p>
 <p class="paragraph">In the meantime, the finance titan has actively increased its position in publicly traded Bitcoin mining companies in the United States. Interestingly, BlackRock is a major shareholder in all US-based public Bitcoin mining companies except for Core Scientific Inc (OTCMKTS: CORZQ).</p>
 <p class="paragraph">According to data from <em>CompaniesMarketCap</em> on December 16, Marathon Digital Holdings (NASDAQ: MARA) is the largest Bitcoin mining company with a $4.07 billion market cap. Riot Blockchain (NASDAQ: RIOT) follows with $3.22 billion, and CleanSpark (NASDAQ: CLSK) has grown to be the third with $1.96 billion.</p>
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 <p class="paragraph">Cipher Mining (NASDAQ: CIFR), TeraWulf (NASDAQ: WULF), BitDigital (NASDAQ: BTBT), Stronghold Digital Mining (NASDAQ: SDIG), and Greenidge Generation Holdings (NASDAQ: GREE) have less than $1 billion capitalization – but also compose part of BlackRock’s investment portfolio.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="573" src="https://cdn.thebittimes.com/images/2023/12/16/bfffde6b071c771d3baa933da5e1eee2.webp" alt class="wp-image-143430" srcset="https://cdn.thebittimes.com/images/2023/12/16/bfffde6b071c771d3baa933da5e1eee2.webp 1024w, https://cdn.thebittimes.com/images/2023/12/16/bfffde6b071c771d3baa933da5e1eee2.webp 300w, https://cdn.thebittimes.com/images/2023/12/16/bfffde6b071c771d3baa933da5e1eee2.webp 768w, https://cdn.thebittimes.com/images/2023/12/16/bfffde6b071c771d3baa933da5e1eee2.webp 1536w, https://cdn.thebittimes.com/images/2023/12/16/bfffde6b071c771d3baa933da5e1eee2.webp 1882w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Public traded Bitcoin mining companies in the United States. Source: <em>CompaniesMarketCap</em>
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 <h2 class="wp-block-heading" id="h-blackrock-s-shares-in-us-bitcoin-mining-companies">BlackRock’s shares in US Bitcoin mining companies</h2>
 <p class="paragraph">In particular, Finbold retrieved shareholders’ data from each of these <a rel="noopener noreferrer nofollow" title="companies" href="https://thebittimes.com/tag/companies.html">companies</a> on <em>CNN Business</em>. We noticed that BlackRock has increased its position in most of them while selling shares in others.</p>
 <p class="paragraph">First, BlackRock now has 11,206,584 MARA shares (5.30%) worth $98.73 million. The financial <a rel="noopener noreferrer nofollow" title="titan" href="https://thebittimes.com/tag/titan.html">titan</a> also owns 5.65% of RIOT shares (11,215,047) worth $109.68 million. These are the two largest positions, both increased since the last <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>, with more purchases.</p>
 <p class="paragraph">Third, there is CIFR, followed by WULF and the recently added CLSK to BlackRock’s portfolio. Featuring an ownership of $8.95 million (1.07%), $9.47 million (3.68%), and $33.68 million (5.38%), respectively.</p>
 <p class="paragraph">Nevertheless, BlackRock has sold 11,042 BTBT shares, resulting in a current position worth $8.59 million (4.81%).</p>
 <p class="paragraph">In addition, both SDIG and GREE constitute the smallest percentage of BlackRock’s Bitcoin mining companies ownership. Worth $115,235 (0.37% out of the company’s total shares) and $68,366 (0.31%), respectively.</p>
 <p class="paragraph">It is important to note that all publicly traded Bitcoin mining companies have negative ‘earnings’ since inception. However, this unfavorable scenario has not prevented BlackRock from increasing its position as a major shareholder.</p>
 <p class="paragraph">Essentially, the Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> business is highly competitive and uncertain, fully dependent on BTC’s price performance.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When <a rel="noopener noreferrer nofollow" title="investing" href="https://thebittimes.com/tag/investing.html">investing</a>, your capital is at risk</em>.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/finance-titan-blackrock-is-actively-investing-in-bitcoin-mining-companies-report-tbt73898.html">https://thebittimes.com/finance-titan-blackrock-is-actively-investing-in-bitcoin-mining-companies-report-tbt73898.html</a></p>

Finance titan BlackRock is actively investing in Bitcoin mining companies – report

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