Bitcoin Hashrate Sees Largest Drop Since 2021 Amid U.S. Winter Storms

On-chain analysis firm CryptoQuant released its weekly market report on the 29th, revealing that the Bitcoin (BTC) network's hashrate recorded its largest drop since October 2021. This decline was a result of mining companies scaling back operations due to the winter storms in the U.S.

The hashrate is an indicator of the number of hash calculations that can be performed per second in cryptocurrency mining, measured in 'hash/s', where 's' stands for 'second'. It represents how many calculations can be performed in one second.

Since November 11, 2025, the hashrate has decreased by 12%. This is...