According to JPMorgan, U.S. Bitcoin mining firms recorded substantial profits in Q1 2025, with four out of five companies achieving historic revenue and profit levels.
Marathon Digital Holdings maintained the highest Bitcoin production, while Iris Energy emerged as the most profitable firm. IREN’s lower mining costs helped bolster its success.
The total equity raised by miners dropped significantly to 310,000,000 USD, while operational costs rose, with electricity expenditures hitting 1,800,000,000 USD.
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