Although it is still in its infancy, the blockchain industry is expanding quickly. Blockchains are decentralized databases that are shared by network nodes. They are most known for their function in maintaining a secure and decentralized record of transactions in cryptocurrencies like Bitcoin.

With no requirement for a third party to establish trust, blockchains ensure the security and validity of a data record. The industry comprises various businesses, such as producers of blockchain technology, cryptocurrency miners, and financial technology (fintech) firms.

Top 10 Blockchain Companies with Billion Dollar Revenue in 2022

The top 10 blockchain companies by trailing-12-month (TTM) revenue are examined in more depth below. This list comprises businesses directly or indirectly traded on stock exchanges in the United States or Canada (ADRs). The TTM data may be older than it is for companies that report quarterly because some companies outside the US report profits semi-annually instead of quarterly. Some businesses also generate income from sources other than their blockchain operations.

1. Coinbase Global Inc., (COIN)

TTM revenue: $5.9 billion

Thru-Meeting Net Income: $3 billion

$52.4 billion is the market capitalization.

Total Return Over the Previous Year: N/A (see company description below)

Trading: Nasdaq

A global provider of financial infrastructure, including transaction services and technologies created for the cryptocurrency industry, is Coinbase Global. Retail users of the company’s platform can buy, sell, save, earn, and use bitcoins. The platform also enables partners in the crypto-ecosystem to create crypto-based applications and securely take crypto assets as payment. It gives institutions access to a large liquidity pool for trading in crypto assets.

There is no information available for Coinbase’s one-year trailing total return as of April 2021 due to the company’s IPO.

Also Read: Top 10 Reputable NFT Marketplace Development Firms in USA in 22–23

2. Monex Group, Inc. (MNXBF)

Total annual revenue: $936.8 million

$218.1 million in the net income year to date

$1.7 billion in market value

Total Return over the Past Year: 223.3%

OTC Markets, as an exchange

A Japanese-based online financial company is called Monex Group. It runs retail internet brokerages in Australia, China, Japan, and the United States. Additionally, the business provides asset management, investment education, mergers and acquisitions (M&A) consulting, foreign exchange (forex), and cryptocurrency exchange services.

3. BIT Mining Ltd., (BTCM)

TTM revenue: $450.10 million

Total TTM Net Loss: $27.9 million

Capitalization: $494.55 million

Total Return over the Previous Year: 146.7%

New York Stock Exchange (NYSE)

A Hong Kong-based cryptocurrency mining business is called BIT Mining. Its commercial activities include data centers, mining pools, and cryptocurrency mining. A collective group of cryptocurrency miners known as a mining pool pools their computing power across a network to efficiently mine for cryptocurrencies. The blockchain browser BTC.com is also owned by the business.

4. Canaan Inc. (CAN)

Total annual revenue: $438.7 million

Total-Time Net Income: $87.3 million

Capitalization: $905.0 million

Total Return Over the Previous Year: 24.7%

Trading: Nasdaq

A company called Canaan was established in China and offered high-performance computing technologies. It offers various artificial intelligence (AI) services. It works on the research and development of cutting-edge technologies, including system-on-a-chip (SoC) integration, AI chips, AI algorithms, and more. The company’s primary areas of interest are:

• The design of high-performance application-specific integrated circuit (ASIC) chips.
• Chip research and development.
• Computing equipment manufacturing.
• Software services.

5. Voyager Digital Ltd., (VYGVF)

Total annual revenue: $254.6 million

Total TTM Net Loss: $76.4 million

Capitalization: $1.2 billion

Total Return Over the Past Year: 314.4%

OTC Markets, as an exchange

Voyager Digital is a cryptocurrency asset brokerage that gives institutional and individual clients access to a digital marketplace for buying and selling crypto assets. More than 60 crypto assets can be traded securely through the company’s mobile app. Additionally, it provides worldwide crypto payment options for both customers and businesses.

Voyagers, today we began a voluntary financial restructuring process to protect assets on the platform, maximize value for all stakeholders, especially customers, and emerge as a stronger company. Voyager will continue operating throughout.https://t.co/TxlO4eua8E

— Stephen Ehrlich (@Ehrls15) July 6, 2022

6. SOS Ltd. (SOS)

Total annual revenue: $224.9 million

Total TTM Net Loss: $7.2 million

Capitalization: $238.7 million

Total Return Over One Year: -51.8%

Trading: NYSE

SOS is a technological business with headquarters in China that touts AI blockchain as its main technology. The business provides customers with information technology services like digital asset management, big data, trade, and rescue. Additionally, it offers marketing-related data, technology, and solutions for emergency rescue services, including insurance, finance, healthcare, automobiles, safety, and mutual aid. It also offers information security services.

7. HIVE Blockchain Technologies Ltd.

Total annual revenue: $245.8 million

Net Income: $132.2 million (TTM)

Capitalization: $975,3 million

Total Return Over the Previous Year: 25.7%

Trading: Nasdaq

A bitcoin mining business established in Canada is called HIVE Blockchain Technologies. The business owns data center facilities in Canada, Sweden, and Iceland that is entirely powered by green energy and are used to mine cryptocurrencies like Bitcoin and Ethereum.

8. Silvergate Capital Corporation (SI)

Total annual revenue: $170.9 million

Total Year Net Income: $78.5 million

Capitalization: $2.9 billion

Total Return Over One Year: 168.5%

Trading: NYSE

The parent firm of Silvergate Bank, which offers financial infrastructure solutions and services to players in the digital currency market, is Silvergate Capital. The business uses its technology platform to create solutions for several of the biggest digital currency exchanges in the United States and global investors.

9. Riot Blockchain, Inc. (RIOT)

Total annual revenue: $127.6 million

Total Year Net Income: $15.4 million

$2.7 billion Market Cap

123.6% is the one-year trailing total return.

Trading: Nasdaq

A firm that mines bitcoin is Riot Blockchain. The company runs mining operations out of a site in Texas and hosts miners at a location in New York run by Coinmint LLC. The U.S. facility, a fully owned subsidiary of Riot Blockchain, houses the largest Bitcoin hosting and mining operation in North America, as measured by the amount of electricity it can produce.

10. Bitfarms Ltd. (BITF)

Total annual revenue: $121.1 million

Total TTM Net Income: $7.1 million

Capitalization: $885.6 million

Total Return over the Past Year: 323.8%

Trading: Nasdaq

Bitfarms is a bitcoin mining business situated in Canada. It has two main business divisions: the first runs server farms that support blockchain transaction validation and verification, and the second offers electrician services to Quebec consumers in the commercial and residential sectors. It also provides on-site technical support, data analytics, and electrical engineering and installation services in addition to its mining operations.