Heat and Blackouts Slash Bitcoin Production

1. Main Causes: Power Cuts and Extreme Weather

In June 2025, several major Bitcoin mining companies in Texas significantly reduced their output due to power curtailments aimed at avoiding high peak-hour electricity costs and extreme weather conditions. Riot Platforms saw a 12% decrease to 450 BTC, while MARA Holdings experienced a 25% drop to 211 BTC. Cipher Mining also reported reduced production as part of its strategy to avoid high electricity fees.

2. Impact on Network and Market

The reduction in mining output led to a decrease in the average Bitcoin network hashrate, reflecting the reduced activity of miners. However, Bitcoin's price remained stable, indicating that the market had anticipated this seasonal slowdown.

3. Trends and Future Strategies

This event underscores the Bitcoin mining industry's reliance on weather conditions and power grids. Mining companies are considering investments in sustainable energy sources and infrastructure improvements to mitigate risks from external factors.