Seven out of ten publicly traded bitcoin mining companies are off to a strong start in 2025, with Riot Platforms leading the way 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
Despite miners continuing to struggle with revenue constraints due to bitcoin’s price remaining below the $100,000 threshold, the shares of these publicly listed bitcoin mining companies are trending upward, indicating a favorable start to the year. According to data from bitcoinminingstock.io, as of Saturday afternoon, the combined market capitalization of 31 publicly traded bitcoin mining firms stands at $44.09 billion. Among these, 26 companies have seen their stock values rise against the U.S. dollar.
Source: bitcoinminingstock.io
Leading the charge is Cathedra Bitcoin, Inc. (TSXV: CBIT), which has surged 25% year-to-date, marking the largest gain. Among 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 risen by 14.2%. Meanwhile, companies like Galaxy, MARA, Northern Data, Cleanspark, and Iris Energy have 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, has only dipped by 0.07%. Terawulf (Nasdaq: WULF) has fallen by 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 changes, several companies are diversifying their focus and exploring high-performance computing (HPC) and artificial intelligence (AI) hosting in addition to their BTC strategic reserves. Notably, Blocksbridge Consulting’s theminermag.com reports that publicly listed miners collectively hold a record of over 92,000 BTC as of December 2024.
