Bitcoin Miners Halt Operations Amid Winter Storm, Boosting Profits

Bitcoin miners in the United States have temporarily ceased mining activities due to a severe winter storm, opting to sell electricity back to the grid. According to NS3.AI, this strategic move has resulted in a profit increase of up to 150%. Consequently, the Bitcoin hashrate has dropped to a seven-month low of 663 EH/s. Despite this decline in hashrate, mining stocks like TeraWulf and Iren have experienced significant growth over the past five days.