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Here's the new geography of the bitcoin mining industry

Quick Take

  • Now that China has cracked down on bitcoin mining, a new era is dawning for the global mining industry.
  • Mining firms outside of China are poised to capture much of the market share that Chinese miners have lost.
  • We mapped out the new ecosystem and categorized the new players by capacity, planned capacity, location of their operations, and whether they are publicly listed or private.
A new era is dawning for the global bitcoin mining industry. After China dropped the hammer on local mining operations in June, roughly 90,000 petahashes per second (PH/s) of hash rate, or mining power— about 50% of the network — went offline. Mining firms with operations in China are now scrambling to sell their machines […]

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Aug 11, 2021, 5:18PM UTC
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