The world’s leading Bitcoin mining companies collectively produced almost $800 million worth of Bitcoin in the first quarter of 2025, as the industry rides high on surging BTC prices and rising institutional interest.
According to data, the top publicly traded Bitcoin mining companies mined over 9,700 BTC in Q1 2025. With Bitcoin trading at around $81,600 at the time of reporting, the total haul equates to approximately $800 million, reflecting strong sector performance.
Marathon Digital Leads the Pack with Over 2,200 BTC
Marathon Digital, the largest of all Bitcoin mining companies by market capitalisation, took the crown in Q1 with an impressive 2,285 BTC mined, valued at nearly $186 million.
In March alone, Marathon mined 829 BTC, marking a 17.4% jump from February and a 10.5% increase over January. The company’s continued production strength positions it firmly at the top of the global mining leaderboard.
CleanSpark and Iren Deliver Robust Growth
Following closely behind, CleanSpark produced 1,950 BTC during Q1 2025—worth an estimated $160 million. The firm’s March output increased by 13.4% compared to February, continuing its upward trajectory among publicly listed Bitcoin mining companies.
Formerly known as Iris Energy, Iren secured the third spot with 1,513 BTC mined across the quarter. March proved particularly productive for the company, as it delivered 533 BTC—a 16.1% increase month-on-month. Iren currently ranks as the sixth-largest Bitcoin miner by market cap, according to CompaniesMarketCap.
Riot Blockchain Delivers 1,428 BTC, Matches Iren in March
Riot Blockchain, second only to Marathon in market capitalisation, produced 1,428 BTC in Q1—roughly $117 million in value. Matching Iren’s March figures, Riot also mined 533 BTC, up 13.4% from February. The consistency across these Bitcoin mining companies reflects a broader operational strength in the sector.
Hut 8 Posts Explosive 91% Growth in March
While Hut 8 Mining reported the lowest Q1 production among the top Bitcoin mining companies, it delivered the most dramatic growth rate. The company mined 199 BTC in the quarter—worth around $16 million—with 88 BTC mined in March alone. That marks a 91% increase compared to the 46 BTC generated in February.
Hut 8 made headlines in late March by partnering with Donald Trump Jr. and Eric Trump to launch “American Bitcoin,” a new mining venture that aims to become the world’s largest, most efficient pure-play Bitcoin miner. CEO Asher Genoot stated the company’s ambition is to dominate US-based Bitcoin mining operations, establishing one of the most powerful platforms on American soil.
A Bullish Quarter for Bitcoin Mining Companies
With Bitcoin prices hovering near all-time highs and operational efficiencies improving across the board, Bitcoin mining companies are capitalising on favourable market conditions. The Q1 results highlight increased output and a strong growth outlook for the remainder of the year.
From the titans like Marathon Digital and Riot Blockchain to rapidly scaling players like Hut 8, the performance of these Bitcoin mining companies sets the stage for a potentially record-breaking 2025. Stay on The Bit Gazette for the latest crypto news, expert analysis and opinions.
Key Takeaways:
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Top Bitcoin mining companies produced over 9,700 BTC in Q1 2025.
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Total BTC output valued at nearly $800 million based on current market prices.
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Marathon Digital mined the most BTC, with over 2,285 coins.
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Hut 8 showed the strongest monthly growth with a 91% increase in March.
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The mining sector remains a central pillar in Bitcoin’s bullish momentum.
