Bitcoin Miners Profit from Shutdown Amid Severe US Winter Storm

A recent winter storm in the US has led Bitcoin miners to pause operations, resulting in significant profits as computing power plummets by 40%.

This week, a formidable winter storm sweeping across the United States has prompted Bitcoin miners to halt their operations, significantly reducing the network's computing power in a brief period.

Analysis reveals that from January 23 to January 25, there was an astonishing 40% decline in hashrate, with approximately 455 EH/s taken offline. Consequently, block creation slowed down, taking around 12 minutes per block.