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.
ambcrypto01/26 16:45