According to a ChainCatcher report citing Cointelegraph, the Bitcoin mining pool Foundry USA has reduced its hash rate by about 60% since last Friday due to the impact of the winter storm "Fern" in the United States. Data shows that its hash rate has dropped by nearly 200 EH/s, and it is currently operating with about 198 EH/s, accounting for 23% of the global mining pool hash rate. This reduction has temporarily extended its block production time to approximately 12 minutes. The storm has affected multiple regions in the U.S., causing power outages for over a million residents. Other mining pools serving U.S. users, including Luxor, have also implemented hash rate reductions to ease the pressure on the power grid infrastructure. As controllable load resources, Bitcoin miners can shut down during peak electricity demand and restart during low-demand periods, helping to balance the grid load. The current storm is impacting parts of the southeastern, northeastern, and midwestern United States.
Foundry USA Bitcoin Mining Hashrate Drops 60% Amid Winter Storm in the US
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Summary
Foundry USA's mining node hashrate dropped by 60% since last Friday due to a winter storm named "Fern." The decline of nearly 200 EH/s brought its hashrate down to 198 EH/s, or 23% of the global mining pool. Block propagation has slowed, extending the average block time to 12 minutes. The storm caused power outages for over a million U.S. residents. Luxor and other mining operations also reduced their hashrates to ease pressure on the power grid. Miners can adjust their operations to balance energy demand. The storm is now affecting the southeastern, northeastern, and Midwestern regions of the United States.
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