Extreme Cold Suspends Binance’s Cloud Miners

Binance confirmed that the extreme cold weather, which affected most of North America over the Christmas holiday, caused a power outage to its cloud mining products.

The day counters of Binance’s bitcoin cloud mining services were interrupted between December 24 -26, according to the Dec. 27 announcement. Binance informed users it will extend the subscriptions of miners for three days and honor the average online rate of purchased contracts.

“Due to the extreme weather conditions in North America, Binance Cloud Mining products experienced a power outage from 2022-12-24 to 2022-12-26,” the announcement reads.

Most of the United States and Canada experienced historic cold weather over the week of Dec. 25. The massive storm of below-freezing temperatures extended more than 2,000 miles from Texas to Quebec and affected an estimated 250 million people.

Binance added that there would not be any further announcement about the incident.

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