I'm no chemist but I think brewers "cold crash" in order to allow proteins to drop out. Wine makers - and cider is made from fruit and so is a wine - has no protein and when vintners "cold crash" they typically do so in order to allow certain acids (tartaric acids) to precipitate out. These crystals will form in chilled wine creating "diamonds" which wine makers - and drinkers - typically view as a flaw. As DoctorCAD suggests , storing wine under very cold conditions can encourage particles - such as yeast - to drop out of suspension , thus clearing the wine, but since wine makers typically allow their wines to age, "cold crashing" is not routinely done except to remove tartaric acid from wines. I don't think that cider has a great deal of tartaric acid - it is malic acid rich. And cold temperatures slow fermentation but don't necessarily stop it - I sometimes allow my bread dough to rise in the fridge... But as I say, I am not a chemist and my understanding may be completely upside down.