The North American Bitcoin Mining Index

The North American Bitcoin Mining Index.

Chinese Bitcoin miners, exit stage left.

Five provinces including Inner Mongolia, Xinjiang, Qinghai, Yunnan and Sichuan have either outright banned the industry, or curtailed it to levels previously unseen through regulations. And now, for the first time since the advent of ASICs in 2013, the core of Bitcoin’s mining industry is looking for a new home.

North America in particular is waiting with open arms to welcome these migrating miners. Mature capital markets, renewable and mixed energy sources, and a cohort of young firms make the continent a natural location for a large percentage of hashrate exiting China.



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