Bitcoin Hashrate Plummets 12% Amid Severe Winter Weather Impact

A harsh winter storm has led to a significant decline in Bitcoin's hashrate, marking the lowest levels seen in recent months.

Recent weather conditions have taken a toll on Bitcoin mining activities, with a significant drop in the hashrate reported. A powerful winter storm sweeping across the United States has compelled miners to scale back their operations, causing Bitcoin's hashrate, production levels, and miner profit margins to fall to their lowest points in several months.