US winter storm weighs on Bitcoin mining network, CryptoQuant finds
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Bitcoin mining took a direct hit from the US winter storm in January, with CryptoQuant data showing significant drops in hashrate, production and mining revenue across the network. Bitcoin mining production plunges to post-halving low According to cryptoquant researchers, several large US-based mining companies have shut down as severe weather disrupts power supply, accelerating the network’s overall hashrate drop. […]
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