- Bitcoin miners halted production during a US winter storm.
- Miners capitalized through power sale profits.
- Significant hashrate drop impacted Bitcoin network.
Bitcoin miners profited significantly by shutting down during a severe winter storm in January 2026, particularly in Texas. Miners earned millions through curtailment credits and demand response programs, with some reporting a 150% increase in profits.
Main Story:
A severe winter storm from January 23-25, 2026, led major Bitcoin miners in Texas, under ERCOT, to halt operations, resulting in substantial profits by selling power back to the grid.
The halting of Bitcoin mining operations during the storm underscores the network’s adaptability and the financial incentives involved. The incentive to engage in power sales highlights economic opportunities beyond traditional mining during environmental stress.
Bitcoin miners in Texas, under ERCOT, curtailed operations during a massive winter storm in January 2026. This reduction, about 40% hashrate, allowed miners to profit by selling electricity back to strained grids.
Riot Platforms, Foundry USA, and others were involved, with curtailment credits boosting profits. This temporary shutdown dropped the hashrate to 663 EH/s, affecting Bitcoin block times and production.
Industries, including Bitcoin, were significantly impacted, demonstrating how environmental conditions can shape energy sectors. The financial implications highlight Bitcoin miners’ profit opportunities through non-traditional means, like grid sales.
“The grid may ask for that energy and the mining may turn off, but that means the grid is paying more for the energy than the miner is making by mining Bitcoin.” — Scott Norris, Chief Mining Officer, Omnes
Miners saw temporary revenue from selling power back during peak demand times. Without official regulatory actions, the role of the ERCOT grid emphasizes miners’ demand on local energy ecosystems.
Bitcoin’s versatility as a power consumer highlights potential regulatory interest in energy dynamics. Past events like Winter Storm Uri suggest ongoing network resiliency adaptations are likely as miners eye economic benefits beyond digital assets.
