Iren Emerges as World’s Top Bitcoin Miner

Iren Limited, an Australia-based, NASDAQ-listed company, has surpassed Marathon Digital Holdings in Bitcoin mining, achieving top global hashrate and production levels in July 2025.

This shift emphasizes the evolving dynamics in crypto mining, impacting market sentiment and highlighting operational efficiency’s importance within the industry.

Iren Leads Global Mining with 45.4 EH/s Hashrate

In a pivotal movement, Iren Limited overtakes Marathon Digital as the top Bitcoin miner by hashrate and production, a first for a non-US firm. Iren generated 728 BTC with an average hashrate of 45.4 EH/s, surpassing Marathon’s 703 BTC and 43.94 EH/s, marking a major shift in global mining leadership.

Iren Stock Soars 11.4% Following Miner Victory

Iren’s rise reflects a significant market shift, with its stock price surging by 11.4%, indicating investor confidence in its operations and AI cloud services. The event’s impact reverberates across the cryptocurrency market, as it demonstrates increased competition and significant operational capabilities within the global mining arena.

AI Boosts Iren’s Mining Leadership

Historically, changes in mining leadership have prompted short-term market attention. Iren’s rise, however, distinguishes itself with a strong AI component. Daniel Roberts, CEO of Iren, states, “Iren’s technological advancements are reshaping the future of Bitcoin mining.” Based on current trends, Iren’s success may herald further technological advancements, potentially influencing future decisions by counterparts in the sector.