- Bitcoin hashrate has dropped significantly over the weekend, thus slowing down block production.
- The U.S. top Bitcoin miners slowed their operations following the winter storm Fernan.
- Bitcoin price has dropped in tandem with the low activity in its mining industry.
Bitcoin (BTC) Hashrate and mining difficulty have dropped significantly in the past few days. According to market data from CoinWarz, Bitcoin hashrate has dropped from over 1 ZH/h to around 711.96 EH/s during the past three days.
As such, Bitcoin’s mining difficulty has adjusted to the lower side to hover around 141.67 T at press time. The recent decline in Bitcoin’s mining difficulty extended its downward trend recorded in the last two months of 2025.
Bitcoin Hashrate Down Caused By Storm ‘Fernan’
The main reason why Bitcoin hashrate dropped in the past few days is due to the winter storm Fernan. Bitcoin miners – led by Foundry, Antpool, and F2pool – recorded a drop in their hashrate during the past few days.
Over the weekend, Foundry’s Bitcoin Hashrate dropped by nearly 200 EH/s, which represented about 60% of its capacity. As such, Bitcoin’s block production slowed down from its average of 10 minutes to around 12 minutes.
The disruption of the Bitcoin mining activity is likely to continue until the storm subsides. According to weather reports, heavy snow will continue to fall in several states, with catastrophic ice impact likely to cause prolonged power outages.
BTC Price Drops In Tandem
Amid the notable decline in Bitcoin mining activity, the underlying value also dropped in tandem. According to market data from TradingView, BTC price dropped over 5% last week to trade at about $87.7k at press time.
Bitcoin miners are an integral factor for the mainstream adoption of the flagship coin. However, the global distribution of the Bitcoin miners has helped the network continue to operate smoothly while top U.S. miners grapple with the ice storm.
Nonetheless, a quick recovery of the Bitcoin mining hashrate will happen in the near term. Moreover, the mainstream demand for Bitcoin by institutional investors, catalyzed by regulatory clarity, has increased investment into the mining industry in the recent past.
Related: CZ Says UAE Turns Excess Energy Into Bitcoin as a Strategic Store of Value
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Source: https://coinedition.com/bitcoin-hashrate-drops-to-711-eh-s-as-u-s-miners-grapple-with-a-storm/