J.P. Morgan: Q1 2025 was "one of the best quarters to date" for U.S.-listed Bitcoin mining companies. Five firms earned $2B gross profit with a 53% average margin. Marathon led production but had high costs. Iris Energy became most profitable (~$36.4k unit cost).
#crypto #blockchain #news #BTC #Bitcoin
costs. to #BTC cost).
#crypto $2B high U.S.-listed production #blockchain Five firms margin. (~$36.4k profit led but became Morgan: was companies. with of had 53% Bitcoin Energy Iris most date" unit best a 2025 the gross #Bitcoin mining Q1 J.P. profitable Marathon earned quarters "one average for #news
