Winter Storm Sweeps Across the US Mainland, Bitcoin Mining Firm Operations Restricted Resulting in Significant Output Drop

BlockBeats News, February 2nd. According to Cointelegraph, the latest data shows that the impact of the U.S. January winter storm on Bitcoin mining operations was more pronounced. Data shows that during the storm, the daily output of listed mining companies dropped significantly.

This storm swept through most parts of the U.S. mainland, forcing miners to scale back operations due to grid pressure, snow accumulation, icing, and extreme cold weather, highlighting the close relationship between mining activity and the energy market situation.

Data shared by CryptoQuant Research Manager Julio Moreno showed that in the weeks leading up to the storm, the daily output of listed mining companies tracked by CryptoQuant typically ranged from 70 to 90 bitcoins per day, but during the peak of the storm, this number dropped to around 30 to 40 bitcoins per day.