Bitcoin Miners Revenue Reaches Monthly Peak of $1.52 Billion in May 2025: Is BTC Mining Still Profitable?

Bitcoin miners revenue is the reason why several companies have purchased application-specific integrated circuits (ASICs) to mine BTC.

Revenue accrued from miners by contributing power to the validation and verification of the cryptocurrency’s decentralised network has experienced a remarkable surge in 2025.

In May 2025, Bitcoin miners revenue collectively soared to $1.52 billion. This signals robust growth in the industry.

However, with the April 2024 Bitcoin Halving reducing block rewards and increasing operational costs, many wonder whether mining remains a lucrative venture.

Consequently, CryptoGuide GH explores the recent revenue peak. We will identify key companies thriving in this space and assess the speculation on Bitcoin’s potential to reach $500,000. Lastly, we will evaluate whether Bitcoin remains a sound investment in 2025 and beyond.

Bitcoin miners revenue on a daily basis reached a peak of $52.5 million over the past 12 Months

In May 2025, Bitcoin miners achieved a record-breaking daily revenue of $52.5 million on May 31. This culminated in a monthly total Bitcoin miners revenue of $1.52 billion. This milestone reflects a significant recovery from the post-halving challenges of 2024. Within this period, the block reward dropped from 6.25 BTC in May 2020 to 3.125 BTC in April 2024.

Despite this reduction, miners capitalised on Bitcoin’s price surge. The largest digital asset in terms of market capitalisation reached an all-time high (ATH) price of $111,970.17 on May 22, 2025.

Additionally, transaction fees spiked. Increased network activity and activities on the innovative protocol, Runes, largely drove this spike. The possibilities of this protocol continue to enhance BTC transactions. On the Bitcoin blockchain, Runes Protocol enables the creation and management of fungible tokens. This functionality helps the efficiency of token transactions as well as the expansion of BTC’s utility beyond its usage as a traditional currency.

Bitcoin’s rally, which continues to outpace network hashrate growth, drives this upward trend. This highlights the project’s and the overall cryptocurrency industry’s resilience.

However, rising energy costs and hardware expenses continue to challenge profitability. This holds especially true for miners in smaller operations since maintaining ASIC miners is in the thousands of dollars.

Nevertheless, efficient miners with access to low-cost electricity and advanced ASIC machines have sustained strong margins. This proves that strategic operations can thrive in this competitive landscape.

PSG Bitcoin Treasury Move: Impact on Crypto, Football, and Beyond

Companies benefiting from bitcoin mining

Several publicly traded companies have emerged as leaders in Bitcoin mining, leveraging scale and efficiency to maximise profits.

For instance, Marathon Digital Holdings (MARA) reported an annualised bitcoin miners revenue of $752 million in May 2025. This was driven by its 53.2 EH/s hash rate capacity across 16 mining farms.

Similarly, Riot Platforms (RIOT), with a 31.5 EH/s capacity, had bitcoin miners revenue of approximately $377 million in 2024. The BTC miner has bolstered its position through strategic acquisitions like Block Mining, which enhanced its power supply diversity and recorded above-average revenues in 2025. Riot Platforms’ Bitcoin miners revenue during Q1 2025 was $161.4 million. This amount was more than double the revenue from the same period in Q1 2024, when the BTC record saw revenues of $79.3 million.

Meanwhile, other miners have struggled to maintain profitability. Core Scientific is a wonderful example of this. Total Bitcoin miners revenue for Q1 2025 stood at $79.5 million. This was a 55% plunge from revenues of $179.3 million recorded during the same time in Q1 2024.

Furthermore, companies like CleanSpark and Hut 8 Mining capitalise on the rising Bitcoin price and lower equipment costs. The pricing of high-performance ASIC miners has significantly decreased compared to previous years.

These firms benefit from economies of scale, efficient fleet management, and access to renewable energy sources. This mitigates the impact of high electricity costs.

As a result, they remain well-positioned to navigate the post-halving environment. This demonstrates that large-scale operations with robust cost structures can achieve significant profitability.

Will BTC reach $500,000 to further improve Bitcoin miners revenue?

Speculation about Bitcoin reaching $500,000 has gained traction over the past few months. Such a forecast has been largely fuelled by the cryptocurrency’s climb to more than $100,000 as of May 31, 2025.

Several factors could drive the flagship cryptocurrency to such milestones. First and foremost is institutional adoption. Spot exchange-traded fund (ETF) approvals and corporate treasury allocations could add about $2 to $3 trillion to Bitcoin’s market capitalisation. The outcome could see BTC flip some of the biggest companies in terms of market capitalisation, such as Microsoft, NVIDIA, Apple, Amazon, and Alphabet (Google).

Second is retail investment growth in emerging markets. This may further boost demand for the digital asset.

Finally, Bitcoin’s fixed supply of 21 million coins, combined with halving events, supports long-term price appreciation.

To hit $500,000, Bitcoin’s market cap would need to reach approximately $10.5 trillion—five times its market value of more than $2 trillion.

However, volatility remains a concern. Bitcoin’s price dropped below $110,000 in May 2025. The low price triggered millions of dollars in liquidations, which highlights its susceptibility to market sentiment.

Regulatory developments and macroeconomic factors, such as inflation, could either propel or hinder this trajectory.

While optimistic projections say $500,000 will be feasible by 2030, sceptics argue that such a leap requires unprecedented global adoption. This makes it a speculative but not impossible goal.

Despite the reservations, Changelly analysts believe BTC could reach $500,000 in the not-too-distant future. According to them, positive market sentiment, improvements to the project’s ecosystem, and consistent institutional adoption could see the coin break this milestone in February 2029.

Is Bitcoin Still a Good Investment?

Bitcoin continues to draw many investors, although it is still considered a highly volatile asset class.

The coin outperformed most traditional assets with its 123% gain in 2024, rising from $42,280 on January 1 to $94,419 on December 31. This underscores its potential as a hedge against inflation and currency devaluation.

Moreover, the approval of Bitcoin spot ETFs in 2024 has legitimised it for institutional investors. The approval drives capital inflows. For miners, profitability hinges on operational efficiency. For investors, Bitcoin’s long-term value proposition lies in its scarcity and decentralised nature.

Nevertheless, risks persist. Energy-intensive mining raises environmental concerns. What’s more, regulatory crackdowns in some regions could impact market dynamics.

Additionally, Bitcoin’s price sensitivity to macroeconomic trends requires investors to exercise caution. For those with a high risk tolerance, Bitcoin offers significant upside, particularly if adoption continues to grow.

Diversifying portfolios with Bitcoin, while balancing it with stable assets, can mitigate risks while capitalising on its potential.

Gold: Is Bitcoin a Threat to Gold as a Store of Value as it Recrosses $100,000

Conclusion: Will Bitcoin miners revenue grow further?

Bitcoin miners’ $1.52 billion revenue peak in May 2025 highlights the industry’s robust growth. Driven by a soaring Bitcoin price and increased transaction fees, this bodes well for established miners and newbies planning on joining the market.

Leading companies like Marathon Digital, Riot Platforms, and TeraWulf demonstrate that efficient operations can yield substantial profits despite post-halving challenges.

While Bitcoin’s potential to reach $500,000 remains speculative, its current trajectory and institutional backing suggest strong long-term potential.

Ultimately, Bitcoin mining and investment remain viable for those who navigate the market strategically, balancing risks with the promise of significant rewards.

 Bitcoin NFT Sales Surpass Ronin, Now 3^rd Largest Chain by All-Time Volume