Foundry USA hashrate drops 60% as winter storm hits US

Foundry USA's Bitcoin hashrate has fallen by approximately 60% since last Friday as winter storm Fern sweeps across the United States, Cointelegraph reported. The storm has directly affected the network, with slowdowns in mining operations and power disruptions causing delays in block generation. Approximately 200 EH/s of hash power has gone offline from Foundry USA alone, temporarily extending the average block time to 12 minutes. With power outages affecting over one million households, mining firms are voluntarily halting operations to alleviate strain on the power grid.