The biggest publicly traded Bitcoin mining firms produced almost $800 million price of Bitcoin within the first quarter of 2025, reflecting continued progress throughout the sector as Bitcoin costs held close to document highs.
Based on publicly accessible information compiled by Cointelegraph, the highest Bitcoin mining firms produced over 9,700 Bitcoin (BTC) within the first quarter. With Bitcoin buying and selling at round $81,600 on the time of writing, the full manufacturing was valued at round $800 million.
Marathon Digital, the biggest Bitcoin mining firm by market capitalization, led the pack with 2,285 Bitcoin (price roughly $186 million) mined in Q1.
On April 3, Marathon announced that it produced 829 BTC in March, up 17.4% from February and 10.5% larger than January.
Associated: Bitcoin miner Bitfarms secures up to $300M loan from Macquarie
Bitcoin miners produce 9,746 BTC in Q1 2025
CleanSpark adopted with 1,950 BTC mined in Q1, valued close to $160 million. CleanSpark’s March efficiency additionally noticed a 13.4% improve month-on-month.
Iren, previously Iris Power, produced the third-highest quantity for the quarter. The mining agency reported a complete of 1,513 BTC, price virtually $124 million.
Its 533 BTC produced in March was a 16.1% improve from its February efficiency. CompaniesMarketCap locations Iren because the sixth-largest Bitcoin miner by market capitalization.
Riot Blockchain, which ranks second solely to Marathon Digital by market capitalization, had the fourth-largest BTC manufacturing in the course of the quarter.
The corporate reported manufacturing of 1,428 BTC (about $117 million) in the course of the quarter. Like Iren, Riot produced 533 BTC in March, a 13.4% improve from February.
High Bitcoin miners by market cap. Supply: CompaniesMarketCap
Hut8 reveals 91% progress in Bitcoin manufacturing
Hut 8 Mining, regardless of producing the least quantity of Bitcoin among the many high miners reviewed, confirmed the very best progress price. The corporate mined 199 BTC in Q1 valued at about $16 million, together with 88 BTC in March. That represents a 91% improve from the 46 BTC it produced in February.
On March 31, Hut8 partnered with US President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, to launch a brand new mining enterprise referred to as American Bitcoin. The venture goals to be the “world’s largest, best pure-play Bitcoin miner.”
In a earlier Cointelegraph interview, Hut 8 CEO Asher Genoot mentioned the corporate aims to dominate US Bitcoin mining. Genoot mentioned the corporate plans to construct one of many largest and best Bitcoin mining platforms rooted in American soil.
Journal: Memecoin degeneracy is funding groundbreaking anti-aging research
