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Seven in ten publicly traded bitcoin ($BTC) mining companies are enjoying a strong start to 2025, with Riot Platforms leading the pack in terms of percentage gains among the top ten firms by market cap.
Riot Platforms Rallies As 7 out of the Top 10 Bitcoin Miners by Market Cap Start 2025 in the Green
Although miners continue to grapple with revenue constraints tied to bitcoin’s price holding below the $100,000 threshold, shares of these publicly listed $BTC mining companies are trending upward, hinting at a favorable start to the year. As of Saturday afternoon, data from bitcoinminingstock.io reveals the combined market capitalization of 31 publicly traded bitcoin ($BTC) mining firms stands at $44.09 billion. Among these, 26 companies have witnessed their stock values rise against the U.S. dollar.
Leading the charge is Cathedra Bitcoin, Inc. (TSXV: CBIT), which has soared 25% year-to-date, marking the most significant gain. Within the top ten firms by market capitalization, Riot Platforms, Inc. (Nasdaq: RIOT) claimed the top spot with a 17.53% increase in 2025. Following closely is Hut 8 (Nasdaq: HUT), which has climbed 14.2%. Meanwhile, companies like Galaxy, MARA, Northern Data, Cleanspark, and Iris Energy experienced gains ranging from MARA’s 6.49% to Iris Energy’s 12.01%.
On the downside, three firms have recorded declines this year, with losses ranging from a marginal 0.07% to a sharper 14.62%. Core Scientific (Nasdaq: CORZ), the fourth-largest firm by market capitalization, dipped by a mere 0.07%. Terawulf (Nasdaq: WULF) has fallen 4.59%, while Bitdeer (Nasdaq: BTDR) has seen a more significant drop of 14.62%. Apart from Bit Origin Limited (Nasdaq: BTOG), which is down 10.32% year-to-date, BTDR emerges as the steepest decliner among the group.
Amid these shifts, several companies are diversifying their focus, exploring high-performance computing (HPC) and artificial intelligence (AI) hosting alongside their $BTC strategic reserves. Notably, Blocksbridge Consulting’s theminermag.com reports that publicly listed miners collectively hold record reserves of over 92,000 $BTC as of Dec. 2024.