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Riot Platforms Reports Increase in Bitcoin Production for January 2025
Riot Platforms, a leading company in vertically integrated Bitcoin mining, has announced a notable increase in its Bitcoin production for the month of January 2025. According to recent reports, the company’s overall Bitcoin output increased by a significant 2% compared to December 2024, reaching a total of 527 BTC.
The positive trend in production efficiency is highlighted by Riot’s average daily output of 17 BTC per day. Additionally, the company has seen a modest increase of 3% in its Bitcoin holdings, now standing at a substantial 18,221 BTC as of the end of January.
What is more intriguing, however, is the fact that Riot Platforms did not sell any of its mined assets during this period, indicating a strategic decision to hold onto these assets. This move may be seen as a sign of growing confidence in the Bitcoin market and potentially setting the stage for future operations.
The company’s hash rate also saw significant growth, with a total deployed hash rate increasing by 6% compared to December and an impressive year-over-year growth of 171%. The recent commissioning of its Corsicana Facility has bolstered this growth, thanks to the deployment of new miners and advanced immersion systems.
Source: Blockchain.News
