Bitcoin’s network hit an unusual speed **** p over the weekend, not because of code, markets or a Fed policy change, but because the physical world intervened.
A sprawling winter storm strained regional power grids and knocked out electricity for hundreds of thousands of households.
The disruption briefly spilled into crypto infrastructure, as some US-based Bitcoin miners cut power use and the network’s block production slowed, without sparking market panic.
Related: U.S. Government Targets Russia’s Crypto Mining Industry for Sanctions Amid Ukraine War
Winter Storm Fern swept across a wide