Arctic Storm Causes Major Disruption in US Bitcoin Mining Operations
- Foundry USA has experienced a significant reduction, with about 60% of its hashrate disappearing.
- The reduction in mining activity is due to an Arctic cold front impacting several states.
- As a result, Bitcoin block times have increased beyond the typical average of ten minutes, stretching past twelve minutes.
The Arctic storm has led to a substantial decrease in mining operations, particularly affecting Foundry USA’s output by approximately sixty percent. This weather-driven curtailment has consequently extended Bitcoin block times beyond their usual duration.
This disruption highlights the vulnerability of Bitcoin mining infrastructure to extreme weather conditions, as evidenced by the prolonged block times and reduced production capacity from major players like Foundry USA. (Source)
