BITCOIN MINERS ARE SHUTTING DOWN ACROSS THE U.S.

🚨 BITCOIN MINERS ARE SHUTTING DOWN ACROSS THE U.S.

Bitcoin’s hashrate fell from 1.13 ZH/s to 690 EH/s in just two days.

That means a large number of miners shut off machines.

Most of the time, it's caused by capitulation.

But this time, it's due to a severe U.S. cold storm.

The U.S. controls around ⅓ of global Bitcoin mining.

Extreme cold strains power grids and higher electricity costs forced miners offline.

If the storm persists, some miners may sell $BTC to cover fixed costs.