Odaily Planet Daily reports that according to Cloverpool data, the total network hash rate of Bitcoin recently dropped rapidly from approximately 1.16 ZH/s to 690 EH/s, marking the largest single decline in history. Subsequently, the hash rate began to recover and is currently around 859.17 EH/s.
Analysis suggests that this significant fluctuation in hash rate may be related to extreme weather conditions in the United States. A winter storm named “Fernan” has caused extreme low temperatures, heavy snowfall, and freezing weather in multiple parts of the US, resulting in power outages for over 1 million residents. Several power grid operators have issued energy-saving alerts. Against this backdrop, some US mining farms may have shut down either due to power outages or to stabilize the grid, leading to a significant short-term decrease in the Bitcoin network hash rate.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Kevin O'Leary Allocates 90% of Crypto Portfolio to Bitcoin and Ethereum, Dismisses Other Tokens
Kevin O'Leary has shifted 90% of his crypto investments to Bitcoin and Ethereum, dismissing other assets as "garbage." He emphasizes their liquidity and market dominance, while also investing in Bitcoin mining and AI infrastructure.
GateNews1h ago
BTC breaks through 76000 USDT
Gate News bot message, Gate market data shows that BTC has broken through 76000 USDT, current price is 76069 USDT.
CryptoRadar2h ago
Report: NYDIG Close to Buying Alcoa's Massena New York Smelter Site for Bitcoin Mining Operations
Alcoa Corp. is in advanced talks to sell its idled Massena East aluminum smelter site in upstate New York to NYDIG, the bitcoin mining and digital asset infrastructure firm, according to Bloomberg.
Key Takeaways:
According to a recent report, Alcoa is in advanced talks to sell its Massena East sm
Coinpedia2h ago
Strategy Acquires 34,164 BTC Worth $2.54B as Stablecoin Inflows Reach $1.88B
Gate News message, according to Lookonchain Weekly Report (Apr 13–Apr 19, 2026), the market witnessed $1.88B in new stablecoin inflows. CEX spot trading volume increased while perpetual contract volume decreased during the period.
Institutional demand surged, with Strategy purchasing 34,164 BTC val
GateNews3h ago
Bitcoin Treasury Companies Head to Vegas After Surviving Drawdowns
Digital asset treasury (DAT) companies are emerging as the focal point at Bitcoin Conference 2026 in Las Vegas, according to BTC Inc. head of growth partnerships Sean Hagan. After months of market drawdowns, nearly all firms that loaded their balance sheets with Bitcoin remain operational and are
CryptoFrontier3h ago
Upcoming 'Bitcoin' Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity
A film exploring Bitcoin’s origins is moving toward global release while spotlighting the mystery of Satoshi Nakamoto. Starring Gal Gadot and Casey Affleck, it revisits Craig Wright’s contested claims and their impact on Bitcoin’s identity.
Key Takeaways:
New Bitcoin film stars Casey Affleck and
Coinpedia4h ago
