In January, Bitcoin miners faced a decline in production due to rising network difficulty, which reached approximately 110 trillion. Prominent miners like Hut 8, Mara, and Bitfarms reported substantial drops in their monthly output, with Hut 8 mining 65 BTC—a 27% decrease from December 2024. In contrast, Riot Platforms bucked the trend, achieving a 2.1% increase in production owing to a newly commissioned mining facility in Texas. Riot's CEO noted strong operational results driven by newly deployed miners and improved utilization rates. While mining difficulty surged by 27.8% since the last halving in April 2024, it fell slightly to 108 trillion by January's end, alongside a hashrate of about 832 EH/s as miners upgraded equipment to maintain profitability. Hut 8's CEO also mentioned infrastructure upgrades underway to enhance mining capacity in the near future.

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