Riot Platforms (NASDAQ:RIOT) mined 520 bitcoin (BTC-USD) in January, down 16% from the prior month and 30% from a year ago, according to the company's monthly production and operations updates released on Monday.

Meantime, it sold 212 bitcoin (BTC-USD) during the month at an average net price of $44,860 for net proceeds of $9.5M. That's less than the 590 BTC it offloaded in December and the 700 sold in January 2023.

At the end of January, Riot (RIOT) held a total of 7,648 bitcoin (BTC-USD), worth ~$327M at current prices.

Its deployed hash rate at month-end was 12.4 exahashes per second (EH/s), unchanged from December and up from 9.3 EH/s in the year-earlier period.

Power and demand response credits together stood at $3.3M, compared with $0.5M in December and $0.9M a year before.

Riot (RIOT) expects to achieve a total self-mining hash rate capacity of 29 EH/s by the end of 2024.

Riot (RIOT) stock dipped 5.4% in Monday morning trading, as bitcoin (BTC-USD) ticked down 0.2% to $42.8K.