Public Bitcoin Miners' January Production Drops, Partly Due to Limited Energy Use Due to Winter Storms

The largest public bitcoin miner produced fewer bitcoins in January than it did the previous month as winter storms caused some companies to cut back on energy use.Marathon Digital's bitcoin production fell 42 per cent sequentially - from 1,853 BTC in December to 1,084 BTC in January. Marathon Digital CEO Fred Thiel said in a statement that January's disruptions included "weather-related constraints and equipment failures that resulted in power outages at the site." As of 31 January, the company's activated hashrate was 26.4 EH/s. But Thiel noted on Monday that its average operating hashrate fell 14% last month to 19.3 EH/s. The company said it expects hashrate to improve over the next few weeks, and that Marathon has added 0.9 EH/s of capacity at its recently purchased facility in Granbury, Texas. Core Scientific produced 1,027 BTC in January, down from 1,177 BTC in the previous month.Riot Platforms' bitcoin production fell to 520 BTC in January from 619 BTC in December.CleanSpark, Cipher Mining, and Bitfarms each saw their January bitcoin production CleanSpark, Cipher Mining and Bitfarms each saw their bitcoin production drop by 20 per cent in January, producing 577 BTC, 371 BTC and 357 BTC, respectively.