Bitcoin network hashrate, which can also be considered as computing horsepower, has tanked since its October peak.\u00a0When it drops sharply, it means miners are reducing their activity by voluntarily shutting down machines.<\/p>\n
\u201cThat\u2019s exactly what we\u2019re seeing today,\u201d observed CryptoQuant analyst \u2018Darkfost,\u2019 who said that the hashrate has fallen from 1.133 ZH\/s to 690 EH\/s in just two days.<\/p>\n
Blockchain.com reports<\/a> a higher figure for the 7-day moving average total hash rate of 950 exahashes per second; however, this is a lagging indicator.<\/p>\n The analyst said that a severe ice storm is hitting the United States, which hosts about one-third of global Bitcoin mining operations. The extreme cold has forced miners, particularly in Texas, where major players like MARA and Foundry Digital operate, to shut down mining rigs.<\/p>\n The storm is also causing power grid disruptions and electricity cost spikes, leading to longer block times and an expected mining difficulty reduction of around 4.5%.<\/p>\n The US Department of Energy issued emergency orders<\/a> that allowed Texas grid operators to tap additional backup resources during the cold snap.\u00a0The analyst warned that this could lead to more selling pressure if miners were forced to sell BTC to cover costs while they wait out the storm.<\/p>\n \u201cThis period of stress could even trigger some BTC selling if the storm were to persist, as miners may still need to cover fixed operating costs while waiting for conditions to normalize.\u201d<\/p>\n Analysts have also observed that down-trending<\/a> hashrates mirror price action, which will not improve until hash power recovers.<\/p>\n Meanwhile, network hashprice, which refers<\/a> to the expected value of 1 TH\/s of hashing power per day, is also at rock bottom at $0.039 per TH\/s per day as miners struggle to turn a profit.<\/p>\n Watching a multi-hundred exahash drop in hashrate not only shows how much of it is located in the Southern and Southeastern US, but also how much there is to be sold off should AI replace those facilities. pic.twitter.com\/Zy8tlZtibx<\/a><\/p>\n \u2014 Rob Warren (@robertwarren) January 26, 2026<\/a><\/p>\n\n As if there wasn\u2019t enough crypto FUD, tanking hashrates have prevented any Bitcoin recovery this week.\u00a0BTC reclaimed $88,500 during the Tuesday morning Asian trading session, but the asset remains down 4.5% since the same time last week.<\/p>\n It remains within the lower bounds of a three-month sideways channel and once again found support, but upside moves are very limited at the moment as bearish sentiment persists<\/a>.<\/p>\n The post Bitcoin Hashrate Plunges as Texas Miners Forced Offline by Ice Storm<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin network hashrate, which can also be considered as computing horsepower, has tanked since its October peak.\u00a0When it drops sharply, it means miners are reducing their activity by voluntarily shutting down machines. \u201cThat\u2019s exactly what we\u2019re seeing today,\u201d observed CryptoQuant analyst \u2018Darkfost,\u2019 who said that the hashrate has fallen from 1.133 ZH\/s to 690 EH\/s […]<\/p>\n","protected":false},"author":0,"featured_media":130172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-130171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130171"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130171"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/130172"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Severe Storm Hampers Hashrate<\/h2>\n
No Recovery For Bitcoin<\/h2>\n