According to reports, due to the cold wave in the United States, rising electricity prices have caused Bitcoin mining difficulty to decrease for the first time since the end of September 2024. Data from mining company Luxor indicates that the US accounts for 36% of the global Bitcoin hash rate, with Texas contributing nearly half. The polar cold in January has increased electricity costs in the US, impacting mining company profits, leading to a difficulty adjustment on January 27. In the previous six months, there were only two instances of difficulty reductions. Luxor predicts that as temperatures warm up, hash rate will gradually stabilize. Additionally, some US mining companies, such as Riot Platforms, are planning to shift part of their hash rate towards AI and high-performance computing businesses to reduce market volatility risks.
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