Top 5 Bitcoin Mining Stocks to Watch in 2025

"in Q1 2025 alone, the company mined 2,286 BTC bringing its total holdings to more than 48,100 BTC second only to Michael Sailor's strategy among publicly traded companies"

"in Q1 2025 Riot managed to mine over 1,530 BTC which equates to roughly 17 Bitcoin per day and had a total mining power of approximately 34 exaashes per second"

"CleanSpark mined more than 7,000 BTC throughout 2024 alone"

"in January 2024 CleanSpark announced plans to purchase up to 160,000 additional mining rigs"

"CleanSpark has driven its mining cost down to roughly $34,000 per BTC making it one of the most costefficient miners in the industry"

"historically Hut 8 has been well known for its full hodddle approach rarely selling mind BTC and accumulating reserves instead this strategy started quite early in fact back in 2021 the company had already surpassed 5,000 BTC held in its treasury"

"in December 2024 for example it acquired an additional 990 BTC pushing total holdings beyond the 10,000 mark"

"American Bitcoin is now home to the majority of the company's ASIC mining fleet and is aiming to become one of the largest pure play Bitcoin mining companies worldwide"

"receiving approval in January 2025 to construct a 2.5 billion AI data center facility in Louisiana"

"in terms of mining performance meanwhile it produced 199 BTC in Q1 of this year which is significantly lower than the other companies covered today"

"by the first quarter of 2025 Kango had already achieved a mining capacity of roughly 32 exahashes per second"

"during Q1 2025 Kango mined a total of 1,541 BTC bringing its current BTC treasury holdings to over 3,100"

"Kango has stated plans to further increase its mining capacity by an additional 18 xahashes by July 2025 which would bring the company's total mining power to approximately 50 xahashes per second"

"if you examine mining stocks that were around back in the 2021 cycle you'll quickly spot some similarities most notably many mining stocks experienced two major rallies in 2021 just like BTC and subsequently found their bare market bottom towards the end of 2022 just like BTC essentially they tracked BTC very closely and even outperformed it at times during the 2021 bull run"

"today though it's a very different story with spot Bitcoin ETFs now available in the United States traditional investors can easily get BTC exposure meaning there's far less need to get indirect exposure through mining stocks"

"the second factor is publicly traded companies like Strategy formerly Micro Strategy that have been accumulating BTC thanks to Michael Sailor's aggressive Bitcoin accumulation strategy his company now holds over half a million BTC and counting on its balance sheet"

"can mining stocks realistically outperform BTC itself in this cycle well the short answer seems to be probably not considering that most mining stocks remain roughly 70 to 80% below their 2021 all-time highs"