U.S. Energy Department Issues Emergency Orders as Bitcoin Miners Cut Operations Amid Heat Wave

BTC2.01%
On June 30, the U.S. Department of Energy issued emergency orders to the PJM Interconnection to prevent blackouts during a record heat dome across the eastern United States. Soaring electricity prices forced Bitcoin miners operating in the region to curtail operations, reducing global hashrate by an estimated 1 to 3 percent. The PJM grid serves approximately 67 million people across 13 states and Washington, D.C. With the National Weather Service projecting extreme heat for July 14-19, investors are monitoring hashrate fluctuations and wholesale electricity pricing trends.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments