BITCOIN MINERS SHUT DOWN MAJOR OPERATIONS.
Entry: N/A 🟩
Target 1: N/A 🎯
Stop Loss: N/A 🛑
US power grids buckled under a brutal winter storm. Major BTC mining pools like Foundry USA and Luxor drastically cut operations. Foundry USA slashed its hashrate by nearly 200 EH/s, a 60% drop. Block times temporarily slowed to 12 minutes. This event tests grid flexibility. Miners are designed to be flexible loads via demand response programs. This comes as miner holdings hit a multi-year low. Weak BTC prices and rising energy costs are squeezing margins. Some miners are reallocating resources to AI and HPC.
This is not financial advice.
