A severe winter storm in January significantly disrupted Bitcoin mining operations across the United States. Data shows daily production among major publicly traded miners fell by more than half during the event. The decline highlighted the mining sector’s vulnerability to energy market conditions amid an already challenging operating environment characterized by tight margins.
New data reveals the sharp impact of January’s US winter storm on Bitcoin mining. Daily production among publicly traded miners tracked plunged during the severe weather.
The storm prompted miners to curtail operations due to grid stress and extreme cold. This event underscored the industry’s close ties to energy market conditions.
Production typically averaged between 70 and 90 Bitcoin per day before the storm. At the height of the disruption, it fell to roughly 30 to 40 Bitcoin per day, according to data shared by research head Julio Moreno. Output later showed partial recovery as weather improved, suggesting temporary and voluntary curtailments.
The tracked miners include Core Scientific, Bitfarms, CleanSpark, MARathon Digital Holdings, Iris Energy, and Canaan. Major US operations among them also include Riot Platforms, TeraWulf, and Cipher Mining.
The disruption compounds existing pressures in a difficult operating environment. Industry publication The Miner Mag described the situation last year as the “harshest margin environment of all time.”
Miners face declining Bitcoin prices, network hashrate, and rising operating costs. These pressures are expected to intensify heading into 2026, as previously reported.
