Bitcoin hashrate declines amid severe US winter storm

A severe winter storm across the U.S. is causing a decrease in the hashrate of local Bitcoin mining firms, Decrypt reported. According to the report, the adverse weather is leading to power grid disruptions, prompting U.S. miners and mining companies to reduce their electricity consumption. This has resulted in lower operational rates for mining rigs, longer block generation times on the Bitcoin network, and a temporary decline in the overall hashrate.