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Extreme Weather in North America Affects Binance’s Cloud Miners, Subscriptions Extended

The historic weather storm is affecting users across the world with the outage.

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.

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

Website | Twitter | Discord | Telegram |

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