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Heatwave and high power costs force US Bitcoin miners to cut operations, lowering global hashrate.

Market News
07 Jul 2026
Bitcoin
View Source
Bearish
pluang ai news

A severe heatwave in the eastern US led the Department of Energy to issue emergency orders to the PJM grid, causing electricity prices to surge and forcing Bitcoin miners to reduce or pause operations. This resulted in a temporary dip in the global Bitcoin hashrate, though network security remains intact. The situation highlights growing challenges from rising electricity demand driven by AI and digital infrastructure, prompting investors to watch power availability and pricing closely ahead of another heatwave forecast for mid-July. Miners with flexible power contracts are better positioned to manage these disruptions.

More News

UK pilot launches humanoid robots to combat elderly loneliness in care homes.

UK pilot launches humanoid robots to combat elderly loneliness in care homes.

Onconetix's subsidiary Realbotix partners with Bloom Services to deploy humanoid robots in Northeast England care settings to reduce social isolation among the elderly. The robots provide companionship, cognitive stimulation, and emotional support, s...

Company Fundamentals
Bullish
51 minutes ago
Asurint and Bullhorn launch integrated credentialing to speed healthcare staffing compliance.

Asurint and Bullhorn launch integrated credentialing to speed healthcare staffing compliance.

Asurint and Bullhorn have introduced a new Credential Management solution designed to streamline healthcare staffing by centralizing candidate credential tracking, verification, and compliance. This integration helps healthcare staffing firms reduce ...

Others
Bullish
51 minutes ago
TrussPoint adopts ServiceTitan to boost growth across its residential roofing brands.

TrussPoint adopts ServiceTitan to boost growth across its residential roofing brands.

TrussPoint, a residential exterior services investment platform, has chosen ServiceTitan's software to support growth across its portfolio of roofing brands. ServiceTitan will provide operational tools to help TrussPoint maintain local brand cultures...

Market News
Bullish
51 minutes ago
Keith Ablow releases new novel exploring identity and transformation in the AI era.

Keith Ablow releases new novel exploring identity and transformation in the AI era.

Keith Ablow, a New York Times bestselling author and psychiatrist, has released a new novel titled 'A Matter of Life and Death: The Importance of Being Kane' on July 30, 2026. The book explores themes of radical reinvention, identity, and authenticit...

Others
Neutral
1 hour ago
GrowGeneration joins U.S. Cannabis Roundtable to influence federal cannabis policy and support industry growth.

GrowGeneration joins U.S. Cannabis Roundtable to influence federal cannabis policy and support industry growth.

GrowGeneration Corp., a leading supplier for controlled environment agriculture, has joined the U.S. Cannabis Roundtable (USCR) to help shape federal cannabis regulations. Represented by CEO Darren Lampert, GrowGeneration aims to leverage its agricul...

Market News
Bullish
1 hour ago
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