Bitcoin Mining Difficulty Sees Largest Surge Since 2021 China Ban

The Bitcoin mining difficulty has experienced its largest surge in two years, increasing by 15% to 144.4 trillion.

This adjustment follows a 12% decline caused by a severe winter storm in the U.S., which led to a drop in hashrate.

The last time the mining difficulty saw such a significant increase was in 2021, when China's mining ban disrupted the network.