A severe winter storm, named Fern, is impacting the United States, causing widespread power outages. According to reports, over 1 million residents are without electricity as the storm sweeps across the country. The storm has significantly impacted Foundry USA, with its hashrate reportedly decreasing by 60% since Friday. The development highlights the vulnerability of cryptocurrency mining operations to extreme weather events and infrastructure dependencies.

A severe winter storm, named Fern, is impacting the United States, causing widespread power outages. According to reports, over 1 million residents are without electricity as the storm sweeps across the country. The storm has significantly impacted Foundry USA, with its hashrate reportedly decreasing by 60% since Friday. The development highlights the vulnerability of cryptocurrency mining operations to extreme weather events and infrastructure dependencies.