#USBitcoinReserves
Monthly Bitcoin production drops as miners battle rising hashrate.
Most Bitcoin miners saw a decline in production in January as network difficulty soared. However, Riot Platforms bucked the trend with an increase in production.
Bitcoin miners have reported a drop in monthly production as mining difficulty — the computing power required to confirm BTC transactions and mine new blocks — continues to rise.
Bitcoin production for major Bitcoin miners, including Hut 8, Mara, and Bitfarms, declined in January compared to the last month of 2024. In contrast, Riot Platforms saw a 2.1% increase in Bitcoin production, bucking the trend.
Preparing for rising network difficulty.
During January, Bitcoin's network difficulty remained near its all-time high value of 110 trillion (T).
The difficulty of producing new blocks has increased by 27.8% since the last Bitcoin halving on April 20, 2024. Anticipating the need for more computing power, Bitcoin miners have been upgrading their equipment and optimizing their business operations to remain profitable.
Compared to December 2024, Hut 8's monthly Bitcoin production fell by 27%, as it mined 65 BTC in January. Similarly, Mara and Bitfarms saw a 12.5% and 4.7% decrease in their monthly Bitcoin production, respectively.
