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Bitcoin Miners Diversifying from China to the US over Regulatory Concerns

Blockchain / Finance / June 9, 2019

Bitcoin miners

Bitcoin miners in China are increasingly looking for diversification out of the country because of the anticipated crypto mining ban, the Chinese government’s thoughtful position regarding cryptocurrency, and the increasing pressure from the ongoing trade war with the US.

Squire Mining to Host 41,000 ASICs

Canadian-based blockchain firm Squire Mining, a leading miner in the world in terms of hashpower, has signed a letter of intent seeking to host more than 41,000 Bitcoin ASICs in the US. This move is part of an agreement with Kevin Turner-led Core Scientific, which is a blockchain and AI company. …

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