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Financial Times: US overtakes China as biggest bitcoin mining hub after Beijing ban

The latest Bitcoin mining report from the Cambridge Centre for Alternative Finance finds that the US is now first in the world following a government crackdown in China. This new data (to the end of August 2021) shows the US with a global hashrate share of 35.4% (up from 16.8% at the end of April), Kazakhstan with 18.1% (up from 8.2%) and the Russian Federation with 11% (up from 6.8%). This confirms the hashrate trajectory identified in the last update (to end April 2021) which showed those three countries were already gaining market share prior to the crackdown in China.

Read the full article [ft.com]