Due to the severe snowstorm in the United States last week, many bitcoin mining farms closed their facilities, causing the hash rate of the bitcoin network to drop by nearly 40% in a few days. The Bitcoin hash rate was 155.28 exahashes per second on Saturday, a decrease of 38.8% from Wednesday’s 253.88 exahashes per second. Bitcoin mining farm Riot Blockchain said on Twitter last Thursday that it was shutting down its facilities due to extreme weather in Texas.
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