Emre Yumlu 
The largest companies in the Bitcoin mining industry produced a total of almost $800 million worth of Bitcoin in the first quarter of 2025. This growth reflects the overall development in the industry, with Bitcoin prices remaining at record levels.
Top Bitcoin Miners Generated Nearly $800 Million in Q1 2025
The largest Bitcoin mining companies produced nearly $800 million worth of Bitcoin in the first quarter of 2025, reflecting continuous growth in the sector as Bitcoin prices remained near record highs.
Over 9,700 BTC Produced in Q1
The top Bitcoin mining firms mined over 9,700 BTC in the first quarter, which was valued at approximately $800 million, with Bitcoin trading around $81,600 during that time.
Marathon Digital Leads the Way
Marathon Digital, the largest publicly traded Bitcoin mining company, led the pack by mining 2,285 BTC worth approximately $186 million in Q1. In March, the company produced 829 BTC, showing a 17.4% increase compared to February and a 10.5% rise from January.
CleanSpark and Iren Follow with Strong Performances
CleanSpark mined 1,950 BTC in Q1, valued at nearly $160 million. The company’s March performance saw a 13.4% month-on-month increase.
Iren (formerly Iris Energy) produced 1,513 BTC worth around $124 million in the first quarter. Its March production of 533 BTC marked a 16.1% increase from February.
Riot Blockchain and Hut8 Report Growth
Riot Blockchain, second only to Marathon by market capitalization, produced 1,428 BTC (about $117 million) in Q1. Riot also saw a 13.4% increase in March, with 533 BTC produced.
Hut8 Shows the Highest Growth Rate in Production
Despite being the smallest producer among the top miners, Hut8 Mining showed the highest growth rate. The company produced 199 BTC in Q1, valued at about $16 million, including 88 BTC in March. This marks a 91% increase from February.
New Partnerships and Investments
On March 31, Hut8 announced a new partnership with Donald Trump Jr. and Eric Trump to launch a new mining venture called American Bitcoin. The project aims to become the “world’s largest and most efficient pure-play Bitcoin miner.”
Hut8 CEO Asher Genoot stated that the company aims to dominate the U.S. Bitcoin mining industry and plans to build one of the largest and most efficient Bitcoin mining platforms rooted in American soil.
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