The largest public exchanged in bitcoin mining companies made nearly $ 800 million worth of bitcoin in the first quarter of 2025, reflecting on the continued growth throughout the sector as bitcoin prices held near record highs.
According to the available public data combined with Cointelegraph, Bitcoin’s leading mining companies produced more than 9,700 Bitcoin (BTC) in the first quarter. With Bitcoin trading around $ 81,600 at the time of writing, total production costs about $ 800 million.
Marathon Digital, the The largest The Bitcoin Mining Company by market capitalization, led the pack with 2,285 Bitcoin (worth about $ 186 million) mined in Q1.
On April 3, marathon announced This made 829 BTC in March, up to 17.4% from February and 10.5% higher than January.
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Bitcoin miners make 9,746 BTC in Q1 2025
Cleanspark followed with 1,950 BTC mined in Q1, worth close to $ 160 million. Cleanspark’s march performance also found a 13.4% month-to-month increase.
Iren, formerly Iris Energy, made the third highest value for the quarter. The mining firm reported a total of 1,513 BTC, worth nearly $ 124 million.
The 533 BTC made in March was an increase of 16.1% from February performance. CompanymarketCap places Iren as the sixth largest Bitcoin’s largest miner through market capitalization.
The Riot Blockchain, which second only ranked the marathon digital through market capitalization, has the fourth largest BTC production in the quarter.
The company reported making 1,428 BTC (about $ 117 million) in the quarter. Like Iren, the riot made 533 BTC in March, a 13.4% increase since February.
Top Bitcoin miners by market cap. Source: CompanymarketCap
Hut8 shows 91% growth in Bitcoin making
Hut 8 mining, despite the manufacture of the least amount of Bitcoin in the leading miners reviewed, showed the highest growth rate. The company was mined 199 BTC in Q1 worth nearly $ 16 million, including 88 BTC in March. That represents a 91% increase from the 46 BTC it made in February.
On March 31, Hut8 Partnered with the children of US president Donald TrumpDonald Trump Jr. and Eric Trump, to launch a new mining adventure called American Bitcoin. The project aims to be the “largest, largest, most efficient pure-play bitcoin miner.”
In a previous interview with Cointelegraph, Hut 8 CEO said Asher Genoot that the company aimed at dominating US bitcoin mining. Genoot said the company plans to develop one of the largest and most efficient Bitcoin mining platforms rooted in America’s land.
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