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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Strategy | United States of America | BI & Analytics Software, Productivity Software, Blockchain & Crypto, Asset Management | $174 | $64.2B | 136.0x | 13.8x |
| Coinbase | United States of America | Blockchain & Crypto, Electronic Trading, Investment Brokerage, Wealth Solutions | $241 | $59.1B | 8.0x | 20.0x |
| Block | United States of America | Blockchain & Crypto, FinTech Infrastructure, Payment Service Providers, Payments POS, BNPL | $66 | $34.6B | 1.4x | 10.0x |
| IREN | United States of America | Blockchain & Crypto | $58 | $18.9B | 22.4x | 45.0x |
| Circle | United States of America | Blockchain & Crypto | $79 | $17.3B | 6.4x | 31.8x |
| Riot Platforms | United States of America | Blockchain & Crypto | $19 | $7.7B | 11.7x | 13.9x |
| Cipher Mining | United States of America | Blockchain & Crypto | $19 | $7.3B | 28.8x | 60.9x |
| MARA Holdings | United States of America | Blockchain & Crypto | $11 | $7.1B | 7.4x | 26.3x |
| Hut 8 | United States of America | Blockchain & Crypto | $60 | $6.8B | 28.3x | 31.1x |
| Core Scientific | United States of America | AI Chips & Hardware, Data Centers, Blockchain & Crypto | $19 | $6.6B | 17.4x | 101.6x |
| TeraWulf | United States of America | Blockchain & Crypto | $14 | $6.2B | 34.4x | 147.4x |
| Bullish | United States of America | Blockchain & Crypto | $39 | $4.8B | 17.0x | 57.7x |
| Bitdeer | United States of America | Blockchain & Crypto, Data Centers | $16 | $4.3B | 7.2x | 68.6x |
| Cleanspark | United States of America | Blockchain & Crypto | $13 | $3.2B | 4.0x | 9.3x |
| American Bitcoin | United States of America | Blockchain & Crypto | $2 | $1.7B | 9.3x | -36.2x |
| Antalpha Platform Holding | United States of America | Blockchain & Crypto | $10 | $1.1B | 13.6x | 58.1x |
| Coincheck Group | United States of America | Blockchain & Crypto | $3 | $730M | 0.2x | 26.2x |
| Bit Digital | United States of America | Blockchain & Crypto | $2 | $634M | 5.6x | 4.0x |
| Prairie Operating Co. | United States of America | Blockchain & Crypto | $2 | $516M | 1.8x | 3.1x |
| BitFuFu | United States of America | Blockchain & Crypto | $3 | $504M | 1.0x | 6.7x |
| Bit Origin | United States of America | Blockchain & Crypto | $6 | $500M | N/A | N/A |
| Bakkt | United States of America | Blockchain & Crypto, Loyalty & Coupons | $21 | $495M | 0.2x | -23.7x |
| Exodus Movement | United States of America | Blockchain & Crypto | $17 | $435M | 3.5x | 26.6x |
| ALT5 Sigma | United States of America | Financial Services Software, Blockchain & Crypto, FinTech Infrastructure | $3 | $355M | N/A | N/A |
| Wewards | United States of America | Sales & Marketing Automation Software, Blockchain & Crypto | $2 | $237M | N/A | N/A |
| Amber International | United States of America | Blockchain & Crypto | $3 | $202M | 2.9x | 25.2x |
| Fold Holdings | United States of America | Blockchain & Crypto | $2 | $187M | 5.7x | -7.5x |
| Soluna Holdings | United States of America | Blockchain & Crypto | $2 | $140M | 4.5x | N/A |
| The9 | United States of America | Blockchain & Crypto | $7 | $121M | N/A | N/A |
| Bitcoin Depot | United States of America | Blockchain & Crypto, Payments Infrastructure | $1 | $112M | 0.2x | 2.0x |
| Metalpha Technology Hldgs | United States of America | Blockchain & Crypto | $2 | $70.6M | N/A | N/A |
| BTCS | United States of America | Investment Brokerage, Electronic Trading, Blockchain & Crypto | $3 | $70.0M | 5.0x | N/A |
| Greenidge Generation | United States of America | Blockchain & Crypto | $2 | $62.4M | N/A | N/A |
| Surgepays | United States of America | Telecom Service Providers, Blockchain & Crypto | $2 | $49.8M | 0.8x | -2.2x |
| Mawson Infrastructure Group | United States of America | Blockchain & Crypto | $5 | $30.4M | N/A | N/A |
| Hyperion DeFi | United States of America | Blockchain & Crypto | $3 | $26.9M | 33.6x | N/A |
| BTC Digital | United States of America | Blockchain & Crypto, Electronic Equipment | $2 | $9.4M | N/A | N/A |
| AGM Group Holdings | United States of America | Blockchain & Crypto, Electronic Equipment | $2 | $3.0M | N/A | N/A |
| Arax Holdings | United States of America | Blockchain & Crypto | $0 | $2.4M | N/A | N/A |
| Phunware | United States of America | Blockchain & Crypto, Loyalty & Coupons | $2 | -$65.1M | -27.5x | 4.1x |
| Ebang | United States of America | Blockchain & Crypto, Electronic Equipment | $3 | -$190M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of January 19, 2026. Financial data powered by Morningstar and FactSet.
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