Winter storm puts pressure on US Bitcoin miners as power grids strain

[mendez]

Seven major Bitcoin mining operations in the United States may temporarily scale back activity after severe winter storms strained power grids across the Southeast and South Central regions.

According to VanEck digital assets research head Matthew Sigel, mining sites operated by Riot, Core Scientific, CleanSpark, and Bitdeer are designed to reduce power consumption during grid stress through demand-response programs. While real-time curtailments have not been confirmed, the infrastructure is already in place to allow miners to shut down when electricity demand spikes.

The storm left roughly 400,000 people without power across multiple states and has been linked to at least 20 deaths. Bitcoin miners increasingly operate in regions where they can stabilize grid demand by powering down during emergencies.

[bonk]

400k people without power and miners might scale back… ironic that crypto can both hurt and help the grid at the same time

[JanEmil]

BTC price probably also a reason to shut down. In Denmark we can’t mine in profit any more.