Bitcoin Hashrate Surges After Nearly Reaching 39% Low Due to Extreme Weather in Texas

the bitcoin hashrate experienced a nearly 39% drop

On December 25th, the bitcoin hashrate experienced a nearly 39% drop, reaching a low of 168.85 EH/s, according to CoinWarz data.

The cause of this decline was reported to be extreme weather conditions in Texas, which led BTC miners in the state to halt their operations and redirect electricity to residents for home heating.

Some have raised concerns about the level of control that the Texas region has over bitcoin mining and the impact this can have on decentralization.

However, others have pointed out that the global bitcoin network remained stable despite the drop in hashrate and that the situation would not have been comparable to disruptions at large tech companies like Amazon or Google.


I am a dedicated crypto and blockchain content writer who is vision-oriented, diligent, smart, and self-motivated. I have over a decade of self-writing experience and five years of experience as a professional writer. I hope to inspire other women into this ever-evolving field.