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Bitcoin miners’ hash rate, the processing power needed to mine blocks of the cryptocurrency, fell 37% amid increased electricity demand caused by cold weather in the United States. Bitinfocharts reported the drop on Jan. 25 versus Jan. 23, noting that heating needs stressed grids. Industry experts say some miners are temporarily shutting down processors to ease the load on already strained electricity networks.
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The decline highlights how weather-driven energy demand can directly affect mining activity. Mining operators reduce power usage to avoid additional strain on electricity networks during cold snaps. The data point provides insight into the near-term dynamics of the mining sector.
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As weather conditions normalize and grids stabilize, hash rate could rebound. Analysts will continue to monitor movements as miners adjust operations in response to grid pressures.
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