China’s crackdown on bitcoin mining has given miners outside China tremendous opportunity and crypto miners around the world are jumping on the opportunity to expand their operations. Before the crackdown, China held the helm of bitcoin production generating about half of the world’s total output. The crackdown has made it easier for global miners to source miners competitively, expand their operations, and reduce the cost of producing bitcoin. Hello Pal (CSE:HP) (OTC:HLLPF), Marathon Digital Holdings, Inc. (NASDAQ:MARA), Riot Blockchain, Inc. (NASDAQ:RIOT), HUT 8 Mining Corp. (NASDAQ:HUT), and Bitfarms Ltd (NASDAQ:BITF) (TSXV:BITF) have been major beneficiaries of the crackdown ...
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North American Crypto Miners Experience Boost Following China’s Crackdown