🌨️ Winter Storm Freezes U.S. Bitcoin Mining Operations
A powerful cold front sweeping across the United States has triggered a sudden disruption in the Bitcoin network.
📉 Hashrate impact:
Bitcoin’s hashrate dropped sharply from 1.13 ZH/s to 690 EH/s in just 48 hours.
⚡ What’s driving it:
Unlike typical miner capitulation, this decline is linked to extreme weather, with power grids under strain and electricity costs rising.
🌍 Why it matters:
The U.S. accounts for roughly one-third of global Bitcoin mining, meaning localized outages can have worldwide effects on network activity.
💰 Potential implications:
If harsh conditions persist, some miners may be forced to power down rigs or liquidate BTC holdings to cover fixed operational costs.
Markets will be watching closely to see how long the disruption lasts and whether hashrate stabilizes as conditions improve.
