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Bitcoin Mining After the China Ban: US Dominance Is Set to Continue

News Snapshot:

Following China’s sweeping crackdown on the crypto industry, the U.S. has taken the Bitcoin mining mantle for the first time – and industry CEOs don’t see the trend stopping anytime soon. “I foresee the U.S. continuing to play a leadership role in terms of share because of the jurisdiction,” said mining firm Bit Digital’s Chief Executive Officer Bryan Bullett in an interview with CoinDesk. “Nobody wants to operate in a region where they face existential risks,” he added. In fact, the Bitcoin network’s hashrate, the measure of computational resources used to conduct mining activities, has recovered from its July lows,…

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