Blockchain is a distributed ledger technology that is used to record information. The information is sharable, but it is impossible to change it externally once the data is recorded. It is used in sectors like finance, healthcare, and cybersecurity.
Blockchain guarantees the scalability and the security of the recorded data because it generates trust without needing a third party. The top 5 Blockchain companies are as follows:
# 1 Coinbase Global Inc. (COIN)
Coinbase is an American publicly traded company that operates the cryptocurrency exchange platform. It is a global provider of the financial infrastructure, which includes the technology, transaction service, and the design of the crypto economy. The company platform enables users to invest, spend, save, earn, and use cryptocurrencies.
The total revenue (TTM) of the company is $ 5.1 billion, Net income (TTM) is $1.2 billion, and Market capitalization (Market Cap) is $9.05 billion.
# 2 Canaan Inc. (CAN)
Canaan Inc. is a company that manufactures computer hardware such as AI chips, AI algorithms, and AI architecture. This company focused on the firm’s research and technology, i.e., evolving technology like AI and microprocessors.
The company was founded in 2013 by “Li Jia Xuan, Liu Xiang Fu, and Zhang Nan Geng.”
It is headquartered in Singapore. Canaan specializes in the blockchain server and the microprocessor, because of which blockchain is used for Bitcoin mining.
The company’s total Revenue (TTM) is $947.5 million, Net income (TTM) is $ 355.3 million, and Market Cap is $ 420.9 million.
# 3 Galaxy Digital Holding Ltd (BRPFH)
The company was founded on 10 February 2006 by Michael Edward Novogratz and is headquartered in New York.
It is an investment management and financial service provider company that deals with the digital assets, cryptocurrency, and blockchain technology sectors. This company provides access to cryptocurrency through digital assets and serves financial services such as trading, asset management, investing banking, mining, and ventures.
The company’s total Revenue (TTM) is $ 457 million, Net income (TTM) is $ 682.6 million, and Market Cap is $ 310.4 million.
# 4 Riot Blockchain Inc. (RIOT)
Riot is one of the largest Bitcoin mining companies, cryptocurrency investment, and technology development firm. The company focuses on operations by increasing its hash rate and infrastructure capacity. The company believes that Bitcoin mining will benefit American operations in the future.
The company’s stock price was sharply appreciated in 2017 after announcing a pivot from veterinary drugs and medical technology to blockchain. Within a month, as the name changed, its stock price increased from $8 to $ 40 per share.
The company’s total Revenue (TTM) is $289.9 million, Net income (TTM) is $ 386.7 million, and Market Cap is $ 694.3 million.
# 5 Silvergate Capital Corp. (SI)
Silvergate Capital is an American-based holding and parent company of silver Silvergrate Bank. It is engaged in the provision of Banking and loan services. Silvergate Bank is a Californian bank founded in 1988 and headquartered in La Jolla, CA. The company focuses on financial infrastructure, and hence, the company started providing services for cryptocurrency users in 2016. Still, in November 2022, after the fall in the price of cryptocurrency, it hit Silver Bank hard.
The company’s total Revenue (TTM) is $ 273.2 million, Net income (TTM) is $ 130.7 million, and Market Cap is $ 592.3 million.
