U.S. Winter Storm Causes Mining Farms to Decrease Load, Largest Network Hashrate Pool Foundry's Hashrate Drops by 60%

By: theblockbeats.news|2026/01/27 00:03:10
0
Share
copy

BlockBeats News, January 26th, according to The Block, a winter storm sweeping across the United States has significantly reduced Bitcoin mining activity, causing a considerable portion of the network's hashrate to go offline. To alleviate the strain on the power grid, mining operators have proactively reduced their electricity load.

This storm, named "Fernan," has brought extreme cold, snow, and freezing conditions to most parts of the U.S., resulting in over 1 million residents experiencing power outages, with energy grid operators issuing energy-saving alerts.

During the extreme weather, the largest pooled hashrate in the network, Foundry USA, has seen a drop of around 60% in connected hashrate since Friday. According to miningpoolstats.stream data, its hashrate has decreased from a recent peak of around 328 EH/s to about 139 EH/s. Foundry currently holds approximately a 23% share of the global mining pool hashrate market.

An estimated 200 EH/s of hashrate is offline across the network, causing the average Bitcoin block time to exceed the protocol's targeted 10-minute mark. Mempool data shows that the average block time has risen to around 12.4 minutes, and the next Bitcoin mining difficulty adjustment is expected to decrease by 15%. This adjustment is a mechanism designed to restore the block production pace after a sustained drop in hashrate.

Other U.S.-based mining pools have also been affected. Another major North American pool, Luxor, has seen its hashrate drop from around 45 EH/s to about 26 EH/s. Antpool and Binance Pool have also experienced minor hashrate declines, indicating that the total network reduction may exceed 110 EH/s, despite the lower concentration of these pools in the U.S.

-- Price

--

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more