Key Takeaways
- Top miners produced over 9,700 BTC worth nearly $800 million in Q1 2025.
- Marathon Digital led with 2,285 BTC mined, worth $186 million.
- Hut 8 Mining saw a 91% month-on-month growth in March production.
Publicly traded Bitcoin mining firms collectively produced more than 9,700 BTC in the first quarter of 2025, worth nearly $800 million at current prices around $81,600 per coin.
The sector showed steady growth amid strong market conditions.
Marathon Digital Leads the Pack
Marathon Digital, the industry leader by market capitalization, mined 2,285 BTC in Q1, totaling about $186 million.
In March alone, the company produced 829 BTC, a 17.4% increase from February.
Strong Monthly Growth from CleanSpark and Iren
CleanSpark followed with 1,950 BTC valued at roughly $160 million.
The firm’s March output increased by 13.4% month-over-month.
Iren, formerly Iris Energy, reported 1,513 BTC mined, worth $124 million.
Its March production of 533 BTC marked a 16.1% rise from February.
Riot Blockchain and Hut 8: Notable Performers
Riot Blockchain, the second-largest miner by market cap, produced 1,428 BTC valued at approximately $117 million.
Its March output matched Iren’s at 533 BTC, also a 13.4% monthly increase.
Hut 8 Mining, despite being the smallest producer among the group with 199 BTC mined, showed the most dramatic growth.
Its March total of 88 BTC was a 91% increase from February’s 46 BTC.
Hut 8’s New Venture
On March 31, Hut 8 announced a partnership with Donald Trump Jr. and Eric Trump to launch a new venture called American Bitcoin, aimed at becoming…
… the world’s largest, most efficient pure-play Bitcoin miner.
