Public miners reported a hash rate of 318.09 EH/s at the close of 2024, reflecting substantial growth from 21% in 2023. Key players include IREN with an increase of 453.57%, CLSK at 262.04%, and MARA, all leveraging upgraded capabilities.

Despite a focus on hash rate scaling, some miners are diversifying into high-performance computing and AI. This strategic pivot aims to mitigate Bitcoin price volatility and rising mining difficulties while enhancing revenue streams.