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Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US – Bitcoin News

Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s decision to ban bitcoin mining, the company “accelerated” its migration strategy to No...
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China's Banned Bitcoin Miners Flee In Search Of Cheap Electricity

by Tyler Durden After the Chinese government banned cryptocurrency mining in last month, hundreds of fellow miners gathered in a luxury hotel in Western China to discuss their next steps; specifically - where to find abundant, reliable, and cheap electricity to power their sprawling operations, according to Bloomberg. The miners sat in rows of white chairs in a hall at the Gran Melia Chengdu Hotel and listened intently to the executives at Bitmain Technologies Ltd., the world’s largest min...
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