In the first quarter of 2025, leading publicly traded Bitcoin mining firms generated nearly $800 million worth of Bitcoin as the market continued to thrive with prices close to record highs. The companies collectively mined over 9,700 Bitcoin (BTC), with the price around $81,600. Marathon Digital was the top miner, producing 2,285 BTC valued at approximately $186 million, marking a 17.4% monthly increase in March alone. CleanSpark came in second with 1,950 BTC, while Iren, formerly known as Iris Energy, mined 1,513 BTC, both seeing significant month-on-month growth. Riot Blockchain produced 1,428 BTC. Notably, Hut 8 Mining, though the lowest producer with only 199 BTC, showcased impressive growth of 91% in production from February to March, driven by a strategic expansion into U.S. mining operations.

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