Four North American Bitcoin miners that could benefit from the East-West shift
With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance. Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the hash-power dichotomy between the Eastern and Western hemispheres.North American Bitcoin miners often have to contend with energy....
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Hive aims to take advantage of the east-to-west shift in Bitcoin mining power after regulators in China have renewed efforts to crack down on the industry. Following its approval for a Nasdaq listing, Canadian Hive Blockchain Technologies has bought more than 3,000 Bitcoin (BTC) mining rigs to get involved in the Bitcoin mining shift from east to west.Purchased from Digital Currency Group (DCG) subsidiary Foundry Digital LLC, the 3,019 MicroBT M30S miners acquired as part of the deal are already located at Hive’s facilities in Lachute, Quebec and Grand Falls, New Brunswick. Foundry will be....
The company’s bid to become the largest Bitcoin miner in the United States could be achieved by 2022. Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain.According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of $120.7 million.The news marks a continued increase of Marathon’s Bitcoin mining inventory, with Bitmain expected to complete the delivery of the new rigs by June 2022.With the 30,000 rigs in tow, Marathon’s total Bitcoin miner....
Since China started cracking down on bitcoin mining, North American miners have enjoyed lower difficulty to mine and HODL more BTC.
China's crackdown on bitcoin mining has demonstrably benefited North American firms.
City officials have imposed a three-month suspension on new Bitcoin mining operations to make roads and buildings more presentable. Massena, a town along the New York border with Canada has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area.According to a report by the Associated Press on Friday, Massena Town city officials mandated the 90-day moratorium on new Bitcoin mining activities due to aesthetic concerns.Steve O’Shaughnessy, a Massena Town supervisor said miners littered roads with trailers laden with computers and other hardware required to mine....