Riot Platforms mined 527 Bitcoins in January, the highest amount since December 2023

According to PANews, Riot Platforms (RIOT) mined 527 bitcoins in January, the highest monthly output since December 2023 and a 2% increase from the previous 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%), and Hut 8 (down 31%).

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 achieved increased production for two consecutive months.

Year to date, Cipher Mining's share price has risen 27%, RIOT, IREN and CLSK have also recorded double-digit gains, while Bitdeer (BTDR) has fallen 25%.