Bitcoin mining exercise has suffered its sharpest setback in additional than 4 years after extreme winter storms throughout the US pressured massive operators to cut back manufacturing, dragging down community hashrate, output and revenues.
Key Takeaways:
- US winter storms pressured miners offline, driving a 12% drop in Bitcoin’s community hashrate.
- Mining revenues and output fell sharply as energy disruptions hit main operators.
- The slowdown marks the steepest manufacturing decline for the reason that post-halving interval in 2024.
Complete community hashrate has fallen by roughly 12% since Nov. 11, marking the steepest drawdown since October 2021, when the community was nonetheless stabilizing after China’s sweeping mining ban.
Information from CryptoQuant exhibits the hashrate now sits close to 970 exahashes per second, its lowest stage since September 2025.
US Winter Storms Drive Miners Offline, Deepening Hashrate Stoop
The decline accelerated this week as excessive chilly disrupted energy provide in a number of US mining hubs.
Publicly listed miners quickly shut down machines to guard infrastructure and adjust to grid curtailment requests, amplifying a slowdown that had already begun as Bitcoin retreated from its $126,000 all-time excessive towards the $100,000 stage late final yr.
The hashrate shock shortly fed via to miner economics. Day by day Bitcoin mining income slid from round $45 million on Jan. 22 to a yearly low close to $28 million simply two days later.
Though income has since recovered modestly to about $34 million, it stays effectively beneath current averages, reflecting each diminished community exercise and weaker costs.
Manufacturing knowledge factors to an equally sharp contraction. Output from the most important publicly traded miners fell from roughly 77 Bitcoin per day to simply 28 Bitcoin over the identical interval.
Bitcoin hashrate simply noticed its greatest drawdown since Oct 2021.
US winter storms pressured miners offline, pushing hashrate down 12% since Nov 11 to 970 EH/s, the bottom since Sept 2025.
The decline had already began as BTC corrected from $126K to ~$100K. pic.twitter.com/LudRmBO0lv— CryptoQuant.com (@cryptoquant_com) January 29, 2026
Manufacturing from different miners declined from about 403 bitcoin to 209 bitcoin, pulling complete community output sharply decrease.
Taking a look at a 30-day rolling foundation, publicly listed miners recorded a 48-Bitcoin drop in manufacturing, the steepest decline since Might 2024, shortly after the latest halving occasion.
Output from privately held miners fell by 215 Bitcoin, the most important lower since July 2024, underscoring the broad impression of the disruption.
Bitcoin Miner Profitability Hits Lowest Stage Since November 2024
Profitability has deteriorated alongside falling output. CryptoQuant’s Miner Revenue and Loss Sustainability Index has dropped to 21, its lowest studying since November 2024.
The extent alerts deep stress throughout the sector, with revenues failing to cowl working prices for a rising share of the community, regardless of a number of downward problem changes over current epochs.
Whereas mining problem has eased as machines went offline, the aid has not been enough to offset declining costs and operational disruptions tied to excessive climate.
If hashrate stays depressed, additional problem cuts may observe within the coming weeks, providing some margin aid to operators that stay on-line.
In accordance with a current evaluation by impartial researcher Daniel Batten, Bitcoin mining can strengthen electrical grids and decrease client electrical energy prices moderately than pressure energy techniques.
His analysis challenges frequent claims that mining destabilizes grids or drives up vitality costs, drawing on peer-reviewed research and operational knowledge to argue that the trade’s versatile energy utilization can present measurable system advantages.
The publish Bitcoin Hashrate Falls 12% After US Winter Storms Hit Miners appeared first on Cryptonews.