Bitcoin Hashrate Plunges 39% as Severe US Ice Storm Shuts Down Major Mining Operations

TLDR: Bitcoin’s hashrate fell 39% in two days from weather-related shutdowns rather than economic capitulation patterns. MARA’s hashrate dropped to one-quarter of monthly averages as Texas mining operations faced grid disruptions. Mining difficulty adjustment is projected to decrease 4.54% following the extended period of reduced network capacity. Prolonged shutdowns may force miners to sell Bitcoin [...]

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