Cointime

Download App
iOS & Android

Bitcoin miner production data reveals scale of US winter storm disruption

New data is providing a clearer picture of how January’s US winter storm affected Bitcoin mining operations, showing that daily production among publicly traded miners dropped sharply during the disruption.

The storm swept across large parts of the continental United States, prompting miners to curtail operations amid grid stress, snow, ice and extreme cold, and highlighting how closely mining activity is now tied to energy market conditions.

Daily production among publicly traded miners tracked by CryptoQuant typically averaged between 70 and 90 Bitcoin in the weeks leading up to the storm, before falling to roughly 30 to 40 BTC per day at the height of the disruption, according to data shared by CryptoQuant head of research Julio Moreno.

  Source: Julio Moreno

Production later showed partial signs of recovery from its lows as weather conditions improved, suggesting the pullback reflected temporary and largely voluntary curtailments.

Previous Cointelegraph reporting examined how the storm coincided with a decline in US Bitcoin hashrate and a rally in mining stocks. The latest production data adds further detail on the extent of the operational disruption.

The miners tracked by CryptoQuant include Core Scientific (CORZ), Bitfarms (BITF), CleanSpark (CLSK), MARA Holdings (MARA), Iris Energy (IREN) and Canaan (CAN), which also operates a self-mining business.

Several of these firms — including Core Scientific, CleanSpark and MARA — have significant US operations and routinely participate in grid-curtailment programs.

Among them, miners with major US operations include Core Scientific, CleanSpark, Marathon, Riot Platforms, TeraWulf and Cipher Mining.

A more challenging environment for miners

The winter storm disruption comes as Bitcoin miners are already navigating a difficult operating environment, illustrating how external shocks can compound existing pressures on the sector.

While miners have long been recognized for their ability to help stabilize power grids through load balancing and demand response, broader economic and market conditions have weighed heavily on profitability. Declining Bitcoin prices and network hashrate, combined with steadily rising operating costs throughout 2025, have tightened margins across the industry.

Last year, industry publication The Miner Mag described the situation as the “harshest margin environment of all time,” citing elevated energy costs, capital constraints and post-halving revenue compression.

Cointelegraph previously reported that these pressures are expected to intensify heading into 2026, as miners grapple with thinner margins, consolidation and a growing shift toward artificial intelligence and high-performance computing as alternative revenue streams.

Comments

All Comments

Recommended for you

  • ETH breaks through $2100

    market shows ETH breaking through $2100, currently at $2100.24, with a 24-hour increase of 7.65%. The market is highly volatile, please manage your risks accordingly.

  • BTC falls below $66,000

    the market shows BTC falling below 66,000 USD, currently at 65,996.42 USD, a 24-hour decline of 2.35%, with significant market fluctuations, please manage your risk properly.

  • YesGo Makes Its Public Debut: Joining Forces with Ecosystem and Industry Leaders to Usher in a New Era of On-Chain Native Commerce

    Hong Kong, February 11, 2026 – As one of the most visionary cross-sector dialogues held during Hong Kong Consensus Week, the YesGo Ecosystem Partner Meeting concluded successfully yesterday. This closed-door event, spearheaded by YesGo and co-hosted by Nexus Chain and compliant digital asset exchange CoinMy, brought together a select group of global ecosystem partners, industry KOLs, and media representatives.

  • The number of Americans filing for unemployment benefits last week was 227,000.

     initial jobless claims in the United States last week were 227,000, estimated at 224,000, previous value was 231,000.

  • BTC breaks through $68,000

     the market shows BTC breaking through $68,000, currently at $68,023.93, with a 24-hour decline of 1.36%. The market is highly volatile, please manage your risk accordingly.

  • [Consensus HK] ENI CEO Arion Ho: Decentralization is an Engineering Choice, Not a Slogan

    At the Consensus Hong Kong 2026 summit, ENI Founder and CEO Arion Ho joined the DeFi Lead at CoinDesk and executives from Paradigm and Blockdaemon to debate the future of DeFi decentralization. Ho delivered a sharp critique of the industry’s current trajectory, asserting that decentralization should never be about "slogan-style freedom," but is fundamentally a rigorous engineering choice.

  • Trump praised the non-farm payroll data and urged the Federal Reserve to cut interest rates to the "lowest in the world."

    US President Trump posted on social media, "Employment data is excellent, far exceeding expectations! The US should pay much less interest on borrowing costs (bonds!). We have once again become the world's number one power, and therefore deserve the lowest interest rates ever. This will bring at least one trillion dollars in interest savings annually — the budget will not only be balanced but will have a substantial surplus. Wow! The golden age of America has arrived!!!"

  • BTC falls below $67,000

    the market shows BTC falling below $67,000, currently at $66,991.58, with a 24-hour decline of 3.41%. The market is highly volatile, please manage your risk accordingly.

  • BTC falls below $69,000

     the market shows BTC fell below 69,000 USD, currently at 68,996.18 USD, with a 24-hour decline of 2.21%. The market is highly volatile, please manage your risk accordingly.

  • BTC falls below $70,000

     the market shows BTC falling below $70,000, currently at $69,990, with a 24-hour decline of 1.04%. The market is highly volatile, please manage your risk accordingly.