The challenge (and opportunity) for the bitcoin mining industry as a crackdown in China looms
June 3, 2021, 3:37PM EDT · 5 min read
- Miners are exploring their options after China’s central government cabinet recently discussed a potential crackdown on bitcoin mining and trading.
- The uncertainty has created a challenge for China’s miners and an opportunity for foreign hosting facilities.
Some form of a crackdown on China's bitcoin mining industry seems inevitable. Now many miners are looking to move overseas.
Subscribe to The Block News+ to
Unlock this Feature
Choose Your Plan
If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.