[Many crypto mining companies temporarily shut down due to power rationing in response to the powerful winter storm in the United States]

Crypto miners are preparing for a potentially volatile weekend as much of the United States experiences freezing temperatures and power outages due to a powerful winter storm.

Neil Galloway, director of mining operations at Compass Mining, tweeted that mining farms in Texas are offline, "because your mining machines are offline, people can heat and cook their homes."

Riot Blockchain said it will shut down its Rockdale, Texas, mining facility due to extreme weather conditions. Core Scientific, which filed for bankruptcy protection earlier this week, said it will participate in multiple power curtailments to help stabilize the grid and expects to produce less BTC during this period.