Bitcoin Mining Slumps to Post-Halving Lows as Weather Outages and Weak Prices Hit Miners

Weather outages and weak prices push Bitcoin mining to post-halving lows, cutting output, revenue, and miner profits.

Bitcoin’s woes have continued to compound as recent data shows that mining activity around the OG crypto has dropped to its lowest levels since the last halving. According to market observers, this event is attributable to power shortages caused by recent weather disruptions in the US. Several mining firms have so far reduced operations, leading to a drop in activity.

Hashrate Falls, Revenues Sink as Bitcoin Miners Struggle Post-Halving

As reported by CryptoQuant, BTC hashrate tanked by approximately 12% to its lowest level in nearly five years. At the same time, total hashrate dropped to its lowest point since September of last year.

Bitcoin has largely been on a southbound journey since hitting its all-time high of $126,000 last year. And in that timeframe, the firstborn coin’s hashrate has trended lower.

In light of this, many miners have been left vulnerable. More so, power outages drove mining activity from a gradual slowdown to a sharp decline.

Last week, daily income fell from about $45 million to a yearly low of nearly $28 million in just two days. Although revenue partially recovered to approximately $34 million by January 26, it remains well below pre-storm levels.

Image Source: CryptoQuant

Production figures show how wide the slowdown spread:

• Output from major publicly traded miners dropped from 77 BTC per day to 28 BTC.
• Other mining firms saw daily production fall from 403 BTC to 209 BTC.
• Network-wide output decline ranks as the steepest since mid-2024.
• Losses affected both large listed companies and smaller private operators.

Over a 30-day window, researchers describe the contraction as the most severe since shortly after the last Bitcoin halving. Public miners lost as much as 48 BTC during the period. Other miners combined shed roughly 215 BTC, based on on-chain tracking. Such figures point to broad stress rather than isolated failures.

CryptoQuant Data Shows Miners Struggling Despite Difficulty Cuts

CryptoQuant’s Miner Profit/Loss Sustainability Index fell to 21, its lowest reading since November 2024. Analysts see that level as a sign that miners are earning far too little at current prices and difficulty. Recent difficulty cuts over the past five epochs provided only minor relief.

Even though lower difficulty helped reduce costs, it wasn’t enough to offset network setbacks and weather-related downtime. And the concentration of large mining operations in the U.S. increased exposure to regional power disruptions, a risk flagged in earlier research. Extreme weather is now a growing factor in mining stability.

At the time of writing, Bitcoin is exchanging hands at $77,364 after a 7.89% intraday drop. Within that period, the OG coin’s performance has lagged most major digital assets.

For now, the Bitcoin market sentiment remains bearish, with the fear readings very extreme. And until prices stabilize and energy supply normalizes, miners are likely to stay under strain.