Bitcoin Miners Rake in Record Profits in Q1 2025

U.S.-based Bitcoin mining companies enjoyed a booming start to 2025, according to JPMorgan’s analysis. Q1 was marked by record-breaking revenues and profits for the industry’s major players. Four out of five tracked mining firms reported record high profits, generating an estimated $2 billion in gross profit with a remarkable 53% profit margin – exceeding the previous quarter’s 50% margin and $1.7 billion earnings.