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US Storm Smashes Bitcoin Mining Power, Sending Hash Rates Tumbling A severe winter storm across the US recently caused a significant portion of the Bitcoin mining network to power down. Extreme weather and resulting power outages prompted many mining operations to paus… #btc #cryptomining #hashrate

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US Storm Smashes Bitcoin Mining Power, Sending Hash Rates Tumbling A severe winter storm across the US recently caused a significant portion of the Bitcoin mining network to power down. Extreme weather and resulting power outages prompted many mining operations to pause or reduce their activities. This deliberate action aimed to alleviate strain on local power grids during peak demand and low generation periods. Reports indicate that approximately 40% of global mining capacity was temporarily offline within a 24-hour span. The Bitcoin network experienced a sharp, though temporary, decline in its total mining power, known as hashrate. This metric fell to a seven-month low before quickly recovering as the storm subsided and power was restored. The US, responsible for nearly 38% of global mining power, heavily influences these global figures. Major US mining companies reported substantial drops in their daily Bitcoin production during the event. For instance, Marathon Digital's output decreased significantly in a single day. Miners in Texas actively collaborated with grid managers to help stabilize power supply and demand. Despite the operational disruptions and their impact on miner revenue, the temporary hashrate dip did not trigger a major crash in Bitcoin's market value. Bitcoin's price showed volatility but largely traded around $88,300, influenced by both the storm and broader geopolitical factors. The rapid recovery of the hashrate highlights the flexibility and responsiveness of Bitcoin mining operations. https://www.newsbtc.com/news/bitcoin/bitcoin-mining-power-dips-back-to-mid-2025-as-us-storm-hits/