Odaily Planet Daily reports that according to Cloverpool data, the total network hash rate of Bitcoin recently dropped rapidly from approximately 1.16 ZH/s to 690 EH/s, marking the largest single decline in history. Subsequently, the hash rate began to recover and is currently around 859.17 EH/s.
Analysis suggests that this significant fluctuation in hash rate may be related to extreme weather conditions in the United States. A winter storm named “Fernan” has caused extreme low temperatures, heavy snowfall, and freezing weather in multiple parts of the US, resulting in power outages for over 1 million residents. Several power grid operators have issued energy-saving alerts. Against this backdrop, some US mining farms may have shut down either due to power outages or to stabilize the grid, leading to a significant short-term decrease in the Bitcoin network hash rate.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Why Is Crypto Crashing? Bitcoin Everlight’s Resilience Offers Market Insights
The most recent crash in the crypto market has undoubtedly been driven by an external shock rather than a protocol failure of any kind. The escalating conflict in the Middle East, a hawkish Federal Reserve, and prolonged economic disruption in the US are amongst the leading reasons for a broad
CryptoPotatoJust Now
Price predictions 3/27: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Key points:
Bitcoin’s fall below the $66,000 support heightens the risk of a drop to the $62,500 level.
Select major altcoins have broken below their immediate support levels, opening the gates for further downside.
Bitcoin (BTC) is under pressure from the bears, who are
Cointelegraph5m ago
VALR Launches VALR Bitcoin and Gold Bundle (BITGOLD) for Diversified Exposure
[PRESS RELEASE – Johannesburg, South Africa, March 11th, 2026]
VALR, the largest crypto exchange in South Africa by trade volume, today announced the launch of its newest Crypto Bundle, the VALR Bitcoin and Gold Bundle (BITGOLD). This bundle provides investors with simplified exposure to both Bitco
CryptoPotato12m ago
Bitcoin May Lead Global Finance, Says Ark Invest’s Cathie Wood
Cathie Wood asserts that Bitcoin may emerge as a crucial financial asset due to its role as an internet-native currency, a global monetary system, and its low correlation with traditional assets, promoting institutional investment and diversification.
CryptoFrontNews27m ago
