Bitcoin Hashrate Drops 20% as Mining Profitability Collapses

GateNewsBot
BTC-0,76%

Gate News bot message, Bitcoin’s hashrate has dropped approximately 20% as mining profitability collapsed. Crashing BTC prices and Winter Storm Fern across 34 U.S. states triggered the largest difficulty adjustment since China’s 2021 ban. Many miners shifted operations during this period.

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