Miners made $800 million mining Bitcoin in early 2025
Date: 2025-04-11 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
In the first quarter of 2025, public mining companies mined a total of 9,700 bitcoins, which is equivalent to about $800 million at the current exchange rate. The leader in mining during this period was Marathon Digital, the largest company in the sector by market capitalization. In three months, it managed to mine 2,285 BTC, which amounted to almost $186 million. In March alone, it managed to get 829 BTC - 17.4% more than in February and 10.5% more than in January.
CleanSpark came in second in terms of mining volume, having mined 1,950 BTC worth around $160 million. The organization showed positive dynamics, increasing its March mining output by 13.4% compared to February.
Third in terms of volume was Iren, formerly known as Iris Energy. It mined 1,513 BTC, which was valued at $124 million at the time of the report. Iren managed to obtain 533 BTC in March, which is 16.1% more than its February output.
Riot Blockchain, which ranks second in terms of market capitalization among public miners, also mined 533 BTC in March, which is 13.4% more than the previous month. The company mined 1,428 BTC for the entire quarter, valued at $117 million.
Hut 8, while mining a smaller volume of bitcoin, showed the most dramatic increase in productivity. It mined 199 BTC (approximately $16 million) for the quarter, and 88 BTC in March, up 91% from the 46 coins mined in February.
The mining sector has been showing steady increases in production, especially as leading players have increased computing power and streamlined processes. These trends highlight the continued interest in bitcoin and its potential as a profitable asset for companies that mine it.
