According to blockchain analytics firm CryptoQuant, the profitability of Bitcoin miners has dropped to its lowest level in 14 months, a phenomenon directly linked to the widespread disruption caused by recent severe winter storms across key mining regions, primarily the United States.
The extreme weather events, which required power grids, particularly in Texas, to manage surging residential heating demands, forced numerous large-scale Bitcoin mining operations to either initiate voluntary power curtailment or experience mandatory operational shutdowns. Miners often participate in interruptible load programs, where they temporarily cease operations to stabilize the grid, but these closures significantly impact revenue streams.
CryptoQuant data highlights that the reduced operational uptime, combined with static Bitcoin difficulty levels, led to a sharp decrease in the total daily block rewards and transaction fees collected by miners. This severe revenue compression marks the worst performance metrics observed for the mining sector since late 2022. The event underscores the critical vulnerability of centralized mining facilities to external environmental and infrastructural volatility, compelling the industry to re-evaluate risk management strategies related to energy reliability.
Source: Bitcoin Mining Profits Hit 14-Month Low After Winter Storm Rocks Miners: CryptoQuant
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