Overview
Riot Platforms has successfully mined 527 Bitcoin in January 2025, marking the highest monthly production since December 2023 and reflecting a 2% increase from the previous month. In contrast, many other mining firms have reported downturns in their production figures for the same month.
Details
- Most other mining companies have observed a downward trend in their production numbers.
- Bitcoin mining difficulty is set to reach an all-time high on February 9.
Insights from Riot Platforms
Riot’s achievements stand out against a backdrop where most firms are reporting declines. MARA Holdings mined 750 BTC in January, a 13% decrease from December, while Cleanspark produced 626 BTC, down by 6%. Other notable declines include:
- IREN (IREN): 2% decline
- Core Scientific (CORZ): 13% decline
- Cipher Mining (CIFR): 7% decline
- Bitfarms (BITF): 5% decline
- Hut 8 (HUT): 31% decline
Keys to Production Trends
The overall decline in the bitcoin production landscape is largely attributed to rising network difficulty, a challenge noted by both Riot and MARA CEOs.
Fred Thiel stated: “In January, our production saw a 12% month-over-month decline in blocks won, largely due to fluctuations in network difficulty and intermittent curtailment.”
Jason Les also commented: “Riot mined 527 Bitcoin in January, marking the second consecutive month of increased production despite rising network difficulty.”
Bitcoin’s mining difficulty adjusts every 2,016 blocks to maintain an average block time of 10 minutes, with the next adjustment expected to exceed a record 108.11 trillion (T).
Performance in the Mining Sector
Bitcoin prices have seen a 4% increase YTD, influencing mining stocks positively. Highlights include:
- Cipher Mining (CIFR): up 27%
- IREN, RIOT, and CLSK: double-digit gains
- Bitdeer Technologies (BTDR): down 25%
- Core Scientific (CORZ) and TerraWulf (WULF): down around 10%
Hive (HIVE), BTDR, and WULF have not yet reported their January production figures.
