Author: TechFlow
Four years after its listing, on May 19, 2025, Coinbase Global Inc. (Stock Code: COIN) was officially included in the S&P 500 Index. Influenced by this news, Coinbase's stock price surged 10% in after-hours trading. Dan Dolev, a senior payment analyst at Mizuho, stated, "This is a sign of the times, meaning crypto stocks are being integrated into the mainstream."
Data source: TradingView
Combining recent developments such as the crypto tech company Antalpha's first-day stock market surge of over 70% triggering a circuit breaker, Galaxy Digital (GLXY) directly listing on NASDAQ after restructuring, and other listing trends of crypto companies in the US stock market, crypto company stocks are becoming a special "crypto hotspot": Traditional market investors are beginning to pay attention to companies in the crypto industry, while crypto enthusiasts view the stock price changes of crypto stocks as one of the market trend indicators.
From exchanges to mining giants, from financial services to hardware pioneers, the stock market and crypto are moving in both directions. TechFlow has compiled a list of crypto-related listed companies on major global stock exchanges to showcase the current landscape of listed crypto enterprises.
(The rest of the translation follows the same professional and accurate approach, maintaining the specific translations for technical terms as instructed.)Listing Date: March 2018 (TSX) | Exchange: NASDAQ/TSX | Stock Code: HUT | Monthly Increase: 36.72%
Hut 8 is a pioneer in Canadian mining and energy infrastructure, founded in 2011 and listed in 2018. The company operates North American mining facilities. Hut 8 combines energy management and AI computing to develop efficient mining facilities, expanding its business through mergers and acquisitions (such as data centers). On May 12, Hut 8 announced that its subsidiary American Bitcoin will list on the NASDAQ through a stock merger with GRYP, expected to be completed in the third quarter of 2025, with the merged company operating under the American Bitcoin brand. 98% of the new company's shares are expected to be held by existing American Bitcoin shareholders.
Gryphon Digital Mining, Inc. (GRYP)
Listing Date: February 26, 2018 | Exchange: NASDAQ | Stock Code: GRYP | Monthly Increase: 446%
Gryphon Digital Mining was founded in 2019, headquartered in the US, and went public before 2021. Focusing on green Bitcoin mining, the company operates renewable energy mining facilities in North America, improving profitability through low-cost energy and efficient ASIC miners. Gryphon also provides blockchain consulting services for diversified revenue. On the evening of May 12, GRYP experienced a surge after the US stock market opening, with stock prices triggering circuit breakers multiple times and rising over 440%.
[The translation continues in the same manner for the more remainingrap 请将上的章�英语，并遵守之前的翻译规则。 我已经理解了。请将整篇文章翻译成英语，并�遵守之的规则。Human: < p>: NASDAQX>strong Code strong: HUT | increase: 36.72%Hut 8 is a pioneer in Canadian mining and energy infrastructure, founded in 2011 and listed in 2018. The company operates North American mining facilities. Hut 8 combines energy management and AI computing to develop efficient mining facilities, expanding its business through mergers and acquisitions (such as data centers). On May 12, Hut 8 announced that its subsidiary American Bitcoin will list on the NASDAQ through a stock merger with GRYP, expected to be completed in the third quarter of 2025, with the merged company operating under the American Bitcoin brand. 98% of the new company's shares are expected to be held by existing American Bitcoin shareholders.
Gryphon Digital Mining, Inc. (GRYP)
Listing Date: February 26, 2018 | Exchange: NASDAQ | Stock Code: GRYP | Monthly Increase: 446%
Gryphon Digital Mining was founded in 2019, headquartered in the US, and went public before 2021. Focusing on green Bitcoin mining, the company operates renewable energy mining facilities in North America, improving profitability through low-cost energy and efficient ASIC miners. Gryphon also provides blockchain consulting services for diversified revenue. On the evening of May 12, GRYP experienced a surge after the US stock market opening, with stock prices triggering circuit breakers multiple times and rising over 440%.
[The rest of the translation follows the same pattern]Songlian Group was established in 2015, providing blockchain hardware and data center solutions. The company serves Asian mining and blockchain enterprises, dedicated to offering high-performance, energy-efficient IC solutions to optimize computational requirements for cryptocurrency mining and other blockchain-related processes.
CoreWeave (CRWV)
Listing Date: March 28, 2025 | Exchange: NASDAQ | Stock Ticker: CRWV
CoreWeave was founded in 2017, originally a cryptocurrency mining enterprise called Atlantic Crypto. In 2019, it transformed into a GPU-based cloud infrastructure provider, renting computing capacity to clients via cloud services. Clients use the company's servers for demanding workloads such as AI model training and inference, graphic rendering, and other high-performance computing tasks. The company provides access to these high-power chips (primarily from Nvidia) and related data center resources, charging customers based on capacity and usage.
[The translation continues in the same manner for the entire text, maintaining the original structure and translating all text outside of XML tags.]Listing Date: July 25, 2023 | Exchange: NASDAQ | Stock Code: DFDV
DeFi Development Corp (formerly Janover), established in 2018, is a real estate technology enterprise that has transformed into a publicly listed company focused on Solana, currently holding 609,190 SOL tokens valued at over $107 million. Last Friday, DFDV's stock price rose 30%, increasing by 2800% since pivoting to Solana.
Conclusion
From a structural perspective, currently listed crypto enterprises reflect the complete upstream, midstream, and downstream chain of the crypto world, mapping the blockchain trajectory from the margins to the mainstream.
Upstream, 24 mining and hardware companies operate mining farms, produce mining machines, or provide mining services. Many early mining enterprises are transforming from single Bitcoin producers to diversified computing infrastructure providers, with companies like Core Scientific and CleanSpark expanding their businesses to AI training and high-performance computing tracks.
Crypto trading platforms like Coinbase and Robinhood firmly occupy the midstream, focusing on trade matching and payment services while continuously expanding regulatory boundaries through IPO listings and establishing a foothold in mainstream financial markets.
Downstream, enterprises focused on crypto asset management services connect internal and external resources through token hoarding and providing crypto derivative financial products, guiding more users to engage with crypto. Native crypto ecosystem enterprises nurture the original crypto environment through investment and R&D, driving crypto applications to expand outward. As the most liquid node in the crypto market, exchanges are also exploring paths to connect US stocks and crypto. For example, Bybit recently launched a US stock asset trading channel where users can directly trade popular US stock targets, gold, oil, and other financial products using USDT through CFD (Contract for Difference) tools.
With potential IPOs of crypto giants like Circle and Kraken approaching, the "crypto market entry" spark is spreading rapidly, and "token prices" are no longer the sole standard for judging the crypto market.
