04-11-2025, 07:05 AM
Top Bitcoin miners produced nearly $800M of BTC in Q1 2025
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjFmNWYtNTdlOC03NGQ2LWFiNTctZjRkOGI3YjM4ZDU3.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjFmNWYtNTdlOC03NGQ2LWFiNTctZjRkOGI3YjM4ZDU3.jpg" alt="Top Bitcoin miners produced nearly $800M of BTC in Q1 2025"></p><p>The largest publicly traded Bitcoin mining companies produced nearly $800 million worth of Bitcoin in the first quarter of 2025, reflecting continued growth across the sector as Bitcoin prices held near record highs.<p>According to publicly available data compiled by Cointelegraph, the top Bitcoin mining companies produced over 9,700 Bitcoin (BTC) in the first quarter. With Bitcoin trading at around $81,600 at the time of writing, the total production was valued at around $800 million. </p><p>Mara, the <a data-ct-non-breakable="null" href="https://companiesmarketcap.com/bitcoin-mining/largest-bitcoin-mining-companies-by-marketcap/#google_vignette" rel="null" target="null" text="null" title="null">biggest</a> Bitcoin mining company by market capitalization, led the pack with 2,285 Bitcoin (worth roughly $186 million) mined in Q1. </p><p>On April 3, Mara <a data-ct-non-breakable="null" href="https://ir.mara.com/news-events/press-releases/detail/1392/mara-announces-bitcoin-production-and-mining-operation-updates-for-march-2025" rel="null" target="null" text="null" title="null">announced</a> that it produced 829 BTC in March, up 17.4% from February and 10.5% higher than January.</p><img alt="Mining, Bitcoin Price, Data, Companies" img_link="" img_link_new_tab="" img_link_nofollow="" img_link_title="" name="" src="https://s3.cointelegraph.com/uploads/2025-04/01961fff-b62d-784f-a3be-e7d04026f461" title=""><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-miner-bitfarms-debt-facility-macquarie" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin miner Bitfarms secures up to $300M loan from Macquarie</strong></em></a></p><h2>Bitcoin miners produce 9,746 BTC in Q1 2025</h2><p>CleanSpark followed with 1,950 BTC mined in Q1, valued near $160 million. CleanSpark’s March performance also saw a 13.4% increase month-on-month. </p><p>Iren, formerly Iris Energy, produced the third-highest amount for the quarter. The mining firm reported a total of 1,513 BTC, worth almost $124 million. </p><p>Its 533 BTC produced in March was a 16.1% increase from its February performance. CompaniesMarketCap places Iren as the sixth-largest Bitcoin miner by market capitalization. </p><p>Riot Blockchain, which ranks second only to Mara by market capitalization, had the fourth-largest BTC production during the quarter. </p><p>The company reported production of 1,428 BTC (about $117 million) during the quarter. Like Iren, Riot produced 533 BTC in March, a 13.4% increase from February. </p><figure><img alt="Top Bitcoin miners produced nearly $800M of BTC in Q1 2025" src="https://s3.cointelegraph.com/uploads/2025-04/01961f9c-9656-7b8b-8b21-c1c869b8a01d" title=""><figcaption style="text-align: center;"><p><em>Top Bitcoin miners by market cap. Source: CompaniesMarketCap</em></p></figcaption></figure><h2>Hut8 shows 91% growth in Bitcoin production</h2><p>Hut 8 Mining, despite producing the least amount of Bitcoin among the top miners reviewed, showed the highest growth rate. The company mined 199 BTC in Q1 valued at about $16 million, including 88 BTC in March. That represents a 91% increase from the 46 BTC it produced in February.</p><p>On March 31, Hut8 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-family-hut8-launch-bitcoin-mining-firm" rel="null" target="null" text="null" title="null">partnered with US President Donald Trump’s sons</a>, Donald Trump Jr. and Eric Trump, to launch a new mining venture called American Bitcoin. The project aims to be the “world’s largest, most efficient pure-play Bitcoin miner.”</p><p>In a previous Cointelegraph interview, Hut 8 CEO Asher Genoot said the company <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/inside-the-trump-linked-american-bitcoin-mining-ambitions-to-dominate-the-industry-hut-8-ceo" rel="null" target="null" text="null" title="null">aims to dominate</a> US Bitcoin mining. Genoot said the company plans to build one of the largest and most efficient Bitcoin mining platforms rooted in American soil. </p><iframe width="100%" height="315" src="https://www.youtube.com/embed/3DYEnch-2is?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/memecoin-degeneracy-is-funding-groundbreaking-anti-aging-research/" rel="null" target="null" text="null" title="null"><em><strong>Memecoin degeneracy is funding groundbreaking anti-aging research</strong></em></a></p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/bitcoin-m...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjFmNWYtNTdlOC03NGQ2LWFiNTctZjRkOGI3YjM4ZDU3.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjFmNWYtNTdlOC03NGQ2LWFiNTctZjRkOGI3YjM4ZDU3.jpg" alt="Top Bitcoin miners produced nearly $800M of BTC in Q1 2025"></p><p>The largest publicly traded Bitcoin mining companies produced nearly $800 million worth of Bitcoin in the first quarter of 2025, reflecting continued growth across the sector as Bitcoin prices held near record highs.<p>According to publicly available data compiled by Cointelegraph, the top Bitcoin mining companies produced over 9,700 Bitcoin (BTC) in the first quarter. With Bitcoin trading at around $81,600 at the time of writing, the total production was valued at around $800 million. </p><p>Mara, the <a data-ct-non-breakable="null" href="https://companiesmarketcap.com/bitcoin-mining/largest-bitcoin-mining-companies-by-marketcap/#google_vignette" rel="null" target="null" text="null" title="null">biggest</a> Bitcoin mining company by market capitalization, led the pack with 2,285 Bitcoin (worth roughly $186 million) mined in Q1. </p><p>On April 3, Mara <a data-ct-non-breakable="null" href="https://ir.mara.com/news-events/press-releases/detail/1392/mara-announces-bitcoin-production-and-mining-operation-updates-for-march-2025" rel="null" target="null" text="null" title="null">announced</a> that it produced 829 BTC in March, up 17.4% from February and 10.5% higher than January.</p><img alt="Mining, Bitcoin Price, Data, Companies" img_link="" img_link_new_tab="" img_link_nofollow="" img_link_title="" name="" src="https://s3.cointelegraph.com/uploads/2025-04/01961fff-b62d-784f-a3be-e7d04026f461" title=""><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-miner-bitfarms-debt-facility-macquarie" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin miner Bitfarms secures up to $300M loan from Macquarie</strong></em></a></p><h2>Bitcoin miners produce 9,746 BTC in Q1 2025</h2><p>CleanSpark followed with 1,950 BTC mined in Q1, valued near $160 million. CleanSpark’s March performance also saw a 13.4% increase month-on-month. </p><p>Iren, formerly Iris Energy, produced the third-highest amount for the quarter. The mining firm reported a total of 1,513 BTC, worth almost $124 million. </p><p>Its 533 BTC produced in March was a 16.1% increase from its February performance. CompaniesMarketCap places Iren as the sixth-largest Bitcoin miner by market capitalization. </p><p>Riot Blockchain, which ranks second only to Mara by market capitalization, had the fourth-largest BTC production during the quarter. </p><p>The company reported production of 1,428 BTC (about $117 million) during the quarter. Like Iren, Riot produced 533 BTC in March, a 13.4% increase from February. </p><figure><img alt="Top Bitcoin miners produced nearly $800M of BTC in Q1 2025" src="https://s3.cointelegraph.com/uploads/2025-04/01961f9c-9656-7b8b-8b21-c1c869b8a01d" title=""><figcaption style="text-align: center;"><p><em>Top Bitcoin miners by market cap. Source: CompaniesMarketCap</em></p></figcaption></figure><h2>Hut8 shows 91% growth in Bitcoin production</h2><p>Hut 8 Mining, despite producing the least amount of Bitcoin among the top miners reviewed, showed the highest growth rate. The company mined 199 BTC in Q1 valued at about $16 million, including 88 BTC in March. That represents a 91% increase from the 46 BTC it produced in February.</p><p>On March 31, Hut8 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-family-hut8-launch-bitcoin-mining-firm" rel="null" target="null" text="null" title="null">partnered with US President Donald Trump’s sons</a>, Donald Trump Jr. and Eric Trump, to launch a new mining venture called American Bitcoin. The project aims to be the “world’s largest, most efficient pure-play Bitcoin miner.”</p><p>In a previous Cointelegraph interview, Hut 8 CEO Asher Genoot said the company <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/inside-the-trump-linked-american-bitcoin-mining-ambitions-to-dominate-the-industry-hut-8-ceo" rel="null" target="null" text="null" title="null">aims to dominate</a> US Bitcoin mining. Genoot said the company plans to build one of the largest and most efficient Bitcoin mining platforms rooted in American soil. </p><iframe width="100%" height="315" src="https://www.youtube.com/embed/3DYEnch-2is?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/memecoin-degeneracy-is-funding-groundbreaking-anti-aging-research/" rel="null" target="null" text="null" title="null"><em><strong>Memecoin degeneracy is funding groundbreaking anti-aging research</strong></em></a></p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/bitcoin-m...er_inbound