Bitcoin's network hashrate fell to a seven-month low over the weekend as a severe winter storm swept across the United States, causing miners to reduce operations due to increased energy demand and power outages. The storm affected over three dozen states, leaving around one million customers without power and straining regional electricity grids. In response, many Bitcoin miners curtailed activity to help stabilize the supply. Data from CoinWarz indicated that Bitcoin's hashrate dropped by more than 40%, reaching approximately 663 exahashes per second (EH/s) before rebounding to around 854 EH/s by Monday. Oregon-based Abundant Mines reported that about 40% of global Bitcoin mining capacity went offline due to the extreme weather. The US, contributing nearly 38% of the global hashrate, saw miners playing a crucial role in grid stability by acting as flexible energy consumers. Industry experts, including Bitcoin ESG researcher Daniel Batten, highlighted the role of demand response programs involving miners in stabilizing the Texas grid during the storm. This event underscores the potential of Bitcoin mining to support electrical grids by absorbing excess energy and reducing output during peak demand periods.