Public companies control 19% of the world's BTC hashrate? The share of hashrate owned by public companies has changed significantly. Currently, there are 26 large publicly traded companies in this area. They, according to a new report from Arcane Research, own 5 of the hayrate of bitcoin. Back in January 2021, the share of publicly traded companies was 3%, and as of April this figure has increased to 19%. Thus, an increasing number of transactions are confirmed by large companies that have gone public.     Recall that hashing is an algorithm that protects against double spending attacks, and also allows the blockchain to be made more decentralized. However, the more public companies in this area, the more centralized the network will become. The hash rate is currently 213.16 EH/s. The previous high was recorded on February 18 and amounted to 248.11 EH/s. 44.95% of the world's hashrate is now owned by North American miners. Based on the Cambridge Bitcoin Electricity Index, we see that the hashrate of publicly traded companies may increase in the future. Therefore, the dominance of North America can become higher. The Arcane Research report says that the increase in the number of publicly traded mining companies is due to the preferences that such companies receive from their status. For example, we are talking about funding for state-owned companies, which allows you to expand your mining farm fleet faster than private companies. If you decide to try your hand at the world of cryptocurrencies, do it with a trusted and reliable partner - BitMex. Subscribe to our Telegram , Twitter , Facebook to be the first to know about cryptocurrency news! Coin Shark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources. Cryptocurrency is a high-risk asset, investments in it can lead to losses. Readers should do their own research before taking any action.