Riot Platforms' Bitcoin production reached 527 in January, the highest monthly output since December 2023

Riot Platforms (RIOT) mined 527 Bitcoins (BTC) in January, the highest monthly output since December 2023, an increase of 2% month-on-month.

In contrast, most major mining companies saw a decline in production in January, such as MARA Holdings (750 BTC, down 13%), Cleanspark (626 BTC, down 6%), Core Scientific (down 13%), Hut 8 (down 31%) and so on.

Miners are generally affected by the increasing difficulty of Bitcoin mining. This difficulty is expected to reach a historic high on February 9th, exceeding 108.11T.

Despite escalating challenges, Riot CEO Jason Les stated that the company has achieved increased production for two consecutive months. Since the beginning of the year, Cipher Mining's stock price has risen by 27%, while RIOT, IREN and CLSK have also recorded double-digit increases. Meanwhile Bitdeer's(BTDR) fell by 25%.