Foundry USA, one of the world’s leading Bitcoin mining pools, experienced a sharp decline in its total hashrate, plummeting approximately 60% since Friday. This dramatic reduction is directly correlated with the severe winter storm currently affecting large parts of the United States, particularly regions housing significant mining infrastructure like Texas and the Midwest. Mining operations in these areas frequently participate in power curtailment programs to stabilize the local energy grid during periods of peak demand and extreme weather. The storm, which has been described as deadly due to fatalities and widespread power outages, forced numerous facilities to power down completely. While the total global Bitcoin network hashrate usually absorbs regional fluctuations, a drop of this magnitude from the largest U.S.-based pool puts temporary pressure on block discovery times. Industry analysts expect the hashrate to recover quickly once the weather stabilizes and power rationing ends.
Source: Foundry USA hashrate down 60% since Friday amid deadly storm: Report
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