Key Notes The reported 100 EH/s hashrate drop was largely driven by North American power curtailments during cold weather, not Chinese crackdowns. Foundry USA and Luxor pools accounted for roughly 200 EH/s of the decline, with most capacity recovered within days by December 17. Bitcoin’s global mining distribution now minimizes regional regulatory impact, with network hashrate remaining near 1 ZH/s despite localized disruptions. Bitcoinโs network quickly recovered after alleged large-scale mining shutdowns in Xinjiang on December 13, with data showing only a brief, modest impact on hashrate on December 18,…
Bitcoin Mining Recovers Quickly After China Crackdown Claims, Network Metrics Stay Strong
