# Storm Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Storm", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin Hashrate Slides: US Cold Wave Knocks Mining Rigs Offline

Bitcoin's price remains under pressure below $88,000 amid weak market sentiment. A sharp, unusual drop in hashrate—from 1.133 ZH/s to 690 EH/s in two days—has raised concerns. Analyst Darkfost attributes this not to miner capitulation, but to a severe US ice storm, particularly impacting Texas-based mining operations like MARA and Foundry Digital. The weather forced widespread shutdowns due to power grid stress and high electricity costs. This may lead to longer block times and a projected -4.54% difficulty adjustment. If prolonged, miners might sell BTC to cover costs, adding further selling pressure. Technically, BTC is testing key support near $86K–$88K; a break below could target the low-$80K range.

bitcoinistYesterday 05:02

Bitcoin Hashrate Slides: US Cold Wave Knocks Mining Rigs Offline

bitcoinistYesterday 05:02

Bitcoin Hashrate Slides As Foundry USA Loses 200 EH/s In US Cold Snap

The United States winter storm has significantly impacted Bitcoin mining, with Foundry USA, the world's largest mining pool, losing nearly 60% of its hashrate—dropping from 340 EH/s to 139 EH/s. This disruption contributed to a sharp decline in the total Bitcoin network hashrate, which fell from around 1,118 EH/s to a low of 668 EH/s. As a result, average block time has slowed to 12.28 minutes, exceeding the target 10-minute interval. The network is expected to adjust its Difficulty metric in response, with an estimated 18% reduction to compensate for the loss in mining power. Meanwhile, Bitcoin's price has declined 5.7% over the past week to around $87,700.

bitcoinistYesterday 07:23

Bitcoin Hashrate Slides As Foundry USA Loses 200 EH/s In US Cold Snap

bitcoinistYesterday 07:23

Winter Storm Delays Senate Crypto Market Structure Vote

Due to severe winter weather in Washington D.C., the Senate Agriculture Committee has postponed the markup vote on the Digital Commodity Intermediaries Act. Heavy snowfall, icy conditions, and dangerously low temperatures led to unsafe travel, closed federal offices, and widespread flight cancellations. This delay is significant as it marks the first time the Senate was set to formally vote on and amend a crypto market structure bill. The legislation aims to expand the Commodity Futures Trading Commission's authority over digital commodities like Bitcoin. The bill has been the subject of extensive negotiations but has faced challenges in reaching a bipartisan agreement.

TheNewsCryptoYesterday 07:17

Winter Storm Delays Senate Crypto Market Structure Vote

TheNewsCryptoYesterday 07:17

US Bitcoin miners cut output during Winter Storm Fern as network hashrate dips

US Bitcoin mining companies, including CleanSpark, Riot Platforms, Marathon Digital, and Iris Energy, significantly reduced their daily bitcoin production during Winter Storm Fern. The extreme weather strained regional power grids, prompting miners enrolled in demand-response programs to temporarily scale back operations to prioritize residential and critical infrastructure electricity needs. On-chain data confirmed synchronized output declines, with hashrate dropping from over 1 trillion to around 760 billion. The Bitcoin network’s difficulty adjustment mechanism absorbed the temporary reduction in mining activity without affecting security or block production. The curtailments highlight the industry’s role in supporting grid stability during periods of stress.

ambcrypto2 days ago 16:45

US Bitcoin miners cut output during Winter Storm Fern as network hashrate dips