US Winter Storm Knocks Bitcoin Hashrate Down Over 40% to Seven-Month Low

A major winter storm in the United States drove Bitcoin’s network hashrate to a seven-month low as miners dialed back activity to ease pressure on strained power grids. Data showed computing power sliding more than 40% over two days before partially rebounding, while miners in key regions such as Texas and Oregon participated in demand response measures. Industry researchers say this flexible shutdown capability can help stabilize electricity systems and potentially reduce grid stress during periods of extreme weather.