Riot Platforms produced 527 Bitcoins in January, the highest monthly output since December 2023

Odaily News Riot Platforms (RIOT) mined 527 bitcoins (BTC) in January, the highest monthly output since December 2023, up 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%), etc. Miners are generally affected by the rising difficulty of Bitcoin mining, which is expected to hit a record high of over 108.11T on February 9. Despite the increased challenges, Riot CEO Jason Les said the company has increased production for two consecutive months. Since the beginning of the year, Cipher Mining's stock price has risen 27%, RIOT, IREN and CLSK have also recorded double-digit gains, while Bitdeer (BTDR) has fallen 25%. (Coindesk)