Core Scientific started the year as the biggest public miner by hashrate. After expanding their hashrate by 35% in the year's first four months, they can still boast the most hashrate of any public miner by a wide margin.

Even though Core is still the largest miner by hashrate, the fastest-grower is Riot, growing its hashrate by 52% so far in 2022, claiming the title as the second-largest miner by hashrate from Marathon.

Core Scientific started the year as the biggest public miner by hashrate. After expanding their hashrate by 35% in the year's first four months, they can still boast the most hashrate of any public miner by a wide margin.

Even though Core is still the largest miner by hashrate, the fastest-grower is Riot, growing its hashrate by 52% so far in 2022, claiming the title as the second-largest miner by hashrate from Marathon.

Riot is installing miners in the largest mining facility in North America. This flagship facility has a total power capacity of 700 MW. Theoretically, it could host almost 24 EH/s of hashrate from the Antminer S19 Pro, giving Riot more than enough room for future growth. By January 2023, Riot anticipates a total self-mining capacity of 12.8 EH/s.

Marathon started the year with more hashrate installed than Riot, but after only growing 11% so far in 2022, they are now the third-largest public miner.

Marathon must desperately increase their pace in getting hashrate online if they are to come anywhere close to their goal of 23.3 EH/s by 2023. We have previously written about Marathon's failure to reach its target hashrate, which is part of the reason why their stock has plummeted 60% YTD.