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The US Dethrones China as World’s Biggest Bitcoin Mining Hub Following the Great Mining Exodus

News Snapshot:

As China continues to intensify its crackdown on cryptocurrency transactions and other related activities, including mining, crypto miners have relocated to other locations. A new report published on Wednesday by the Cambridge Judge Business School has revealed that the United States is currently the biggest bitcoin mining hub in the world, a position previously occupied by China. The United States Leads the Pack The U.S. currently has the highest share of global bitcoin hashrate at 35.4%, up from the 16.8% recorded in April. It is closely followed by Kazakhstan with about 18.1%, up from the 8.2% also recorded in April….

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