Top Bitcoin Miners Generate $800M in Q1 as Hut8 Posts Explosive 91% Monthly Growth

Top public Bitcoin miners produced 9,746 BTC in Q1 2025, valued at nearly $800M, with Hut8 leading growth at 91% in March despite producing the smallest volume among its peers.

The first quarter of 2025 has closed with impressive numbers for the world’s top publicly traded Bitcoin (BTC) mining companies, which collectively generated nearly $800 million in mined BTC as the asset maintained price levels near historic highs.

According to Cointelegraph’s industry roundup, more than 9,700 BTC were mined in Q1, with Bitcoin trading at approximately $81,600 at the time of reporting. The leading contributor was Marathon Digital, which mined 2,285 BTC—worth roughly $186 million. March alone accounted for 829 BTC, up 17.4% from February and continuing a consistent upward trend across the quarter.

Close behind was CleanSpark, which produced 1,950 BTC during Q1, equivalent to nearly $160 million. The company recorded a 13.4% month-over-month increase in March.

Iren, formerly known as Iris Energy, came in third, contributing 1,513 BTC to the total. The miner’s March production of 533 BTC marked a 16.1% increase from the previous month. With strong performance and solid growth, Iren has earned a place among the top six miners by market capitalization.

Riot Platforms followed with 1,428 BTC, valued at approximately $117 million. Like Iren, Riot’s March output also stood at 533 BTC, a 13.4% monthly uptick.

While Hut8 trailed in total BTC mined—producing 199 BTC valued at about $16 million in Q1—it was the undisputed growth leader. The company mined 88 BTC in March, up 91% from February’s 46 BTC.

This exponential rise in output came as the firm announced a high-profile partnership with Donald Trump Jr. and Eric Trump to launch American Bitcoin, a joint venture aiming to build “the world’s largest, most efficient pure-play Bitcoin miner.”

Speaking to Cointelegraph, Hut8 CEO Asher Genoot emphasized the company’s U.S. expansion strategy, aiming to lead the American mining space through enhanced infrastructure and energy efficiency.

As Bitcoin’s price continues to hold strong post-halving and political players show interest in domestic mining dominance, Q2 could usher in even fiercer competition—and further shake-ups in the leaderboard of global mining giants.

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