{"id":11872,"date":"2025-02-07T10:08:20","date_gmt":"2025-02-07T10:08:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11872"},"modified":"2025-02-07T10:08:20","modified_gmt":"2025-02-07T10:08:20","slug":"riot-platforms-bucks-trend-of-weak-bitcoin-production-in-january","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11872","title":{"rendered":"Riot Platforms Bucks Trend of Weak Bitcoin Production in January"},"content":{"rendered":"
\n

Riot Platforms (RIOT) mined 527 Bitcoin<\/a> (BTC) in January, marking its highest monthly production since December 2023 and reflecting a 2% increase from the previous month, according to Farside data.<\/p>\n

However, the broader bitcoin mining sector reported underwhelming production figures, with most major mining firms experiencing month-over-month declines.<\/p>\n

MARA Holdings (MARA) mined 750 BTC in January<\/a>, representing a 13% decline from December. Similarly, Cleanspark (CLSK) saw a 6% decrease, mining 626 BTC. Other mining firms also reported negative month-over-month production figures:<\/p>\n

IREN (IREN): 2% decline<\/p>\n

Core Scientific (CORZ): 13% decline<\/p>\n

Cipher Mining (CIFR): 7% decline<\/p>\n

Bitfarms (BITF): 5% decline<\/p>\n

Hut 8 (HUT): 31% decline<\/p>\n

\"\"<\/p>\n

The widespread decline in bitcoin production can be attributed to the increasing network difficulty, which both Riot and MARA’s CEOs cited as a key challenge.<\/p>\n

“In January, our production saw a 12% month-over-month decline in blocks won, largely due to fluctuations in network difficulty and intermittent curtailment,” said Fred Thiel, MARA’s chairman and CEO.<\/p>\n

“Riot mined 527 Bitcoin in January, marking the second consecutive month of increased production despite rising network difficulty,\u201d said Jason Les, CEO of Riot.<\/p>\n

Bitcoin\u2019s mining difficulty adjusts every 2,016 blocks to maintain an average block time of 10 minutes. The next difficulty adjustment, set for Feb. 9, is projected to hit an all-time high<\/a>, surpassing the previous record of 108.11 trillion (T).<\/p>\n

Mining Stocks Performance Year-to-Date<\/h4>\n

Bitcoin has risen 4% YTD, serving as a benchmark for mining stocks. Among miners:<\/p>\n

Cipher Mining (CIFR) is the standout performer, up 27%<\/p>\n

IREN, RIOT, and CLSK have all posted double-digit gains<\/p>\n

Bitdeer Technologies (BTDR) is down 25%<\/p>\n

Core Scientific (CORZ) and TerraWulf (WULF) are both down approximately 10%.<\/p>\n

Hive (HIVE), BTDR and WULF have yet to report January production figures. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Riot Platforms (RIOT) mined 527 Bitcoin (BTC) in January, marking its highest monthly production since December 2023 and reflecting a 2% increase from the previous month, according to Farside data. However, the broader bitcoin mining sector reported underwhelming production figures, with most major mining firms experiencing month-over-month declines. MARA Holdings (MARA) mined 750 BTC in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11872","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11872"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11872\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}