The five major publicly listed mining companies in the United States achieved record profits in the first quarter of 2025, highlighting the cost advantage of IREN.
According to Gate News bot, Bitcoin Magazine reports that JPMorgan's latest report shows that U.S. listed Bitcoin mining companies achieved one of their best performances in history in the first quarter of 2025. Five mining companies collectively generated a gross profit of $2 billion, with an average gross margin of 53%.
Data shows that MARA has maintained its leading position in mining output for nine consecutive quarters, but its unit costs are at the highest level. Notably, IREN has become the most profitable mining company for the first time, with a unit cost advantage of approximately $36,400.