Bitcoin Mining Stocks Shine in 2025: Cathedra and Riot Top the Year’s Gainers

Riot Platforms Rallies As 7 out of the Top 10 Bitcoin Miners by Market Cap Start 2025 in the Green

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 capitalization.

A Positive Start for Bitcoin Mining Stocks

Despite ongoing revenue constraints linked to bitcoin’s price remaining below the $100,000 threshold, shares of publicly listed BTC mining companies are on the rise. As of January 2025, data from bitcoinminingstock.io shows the combined market capitalization of 31 publicly traded bitcoin mining firms stands at $44.09 billion. Among these, 26 companies have experienced increases in stock value against the U.S. dollar.

Top Performers in 2025

• Cathedra Bitcoin, Inc. (TSXV: CBIT): Leading the gains with a 25% year-to-date increase, marking the most significant growth among all firms.

• Riot Platforms, Inc. (Nasdaq: RIOT): Tops the list among the top ten by market cap with a 17.53% increase in stock value.

• Hut 8 (Nasdaq: HUT): Secures a strong position with a 14.2% rise.

• Other notable gainers: Galaxy, MARA, Northern Data, Cleanspark, and Iris Energy, with gains ranging from MARA’s 6.49% to Iris Energy’s 12.01%.

Decliners in the Market

While most companies have seen positive performance, three firms have recorded declines in 2025:

• Core Scientific (Nasdaq: CORZ): A marginal drop of 0.07%.

• Terawulf (Nasdaq: WULF): Fell by 4.59%.

• Bitdeer (Nasdaq: BTDR): The steepest decline at 14.62%.

• Bit Origin Limited (Nasdaq: BTOG): Another significant decliner, down 10.32% year-to-date.

Strategic Diversification

Amid these market fluctuations, several mining companies are expanding beyond BTC mining by exploring high-performance computing (HPC) and artificial intelligence (AI) hosting services. These efforts aim to diversify revenue streams and mitigate reliance on BTC price fluctuations.

Record BTC Reserves

Blocksbridge Consulting’s theminermag.com reports that publicly listed bitcoin miners collectively hold record reserves of over 92,000 BTC as of December 2024. This reflects their long-term strategy and confidence in the cryptocurrency market.