I'm curious, what causes the starches to convert to sugars at low temps? I brew beer, and to covert the starches in the grain to sugar, I need to steep the crushed grain in 150F water for about an hour. Amylase, the enzyme that does that work, does it best at that temp. Do potatoes have an enzyme that works at cold temps?
Cold temps damage many vegetables; once damaged, they begin to rot. Changing starch into sugar is an early part of that process--I suppose it is the same for potatoes.