Wu Shuo learned that, according to Bitcoin Magazine, JPMorgan Chase released a report stating that the first quarter of 2025 was "one of the best quarters so far" for US-listed Bitcoin mining companies. Five mining companies collectively achieved a gross profit of 2 billion USD, with an average gross margin of 53%. MARA led production for the ninth consecutive quarter but had the highest unit cost; IREN became the most profitable mining company for the first time, with a unit cost of approximately 36.40 thousand USD.

Wu Shuo learned that, according to Bitcoin Magazine, JPMorgan Chase released a report stating that the first quarter of 2025 was "one of the best quarters so far" for US-listed Bitcoin mining companies. The five mining companies collectively achieved a gross profit of 2 billion USD, with an average gross margin of 53%. MARA led in production for the ninth consecutive quarter but had the highest unit costs; IREN became the most profitable mining company for the first time, with unit costs of only about 36.40 thousand USD.

JPMorgan: Q1 2025 as One of the Best Quarters for Bitcoin Mining Companies