U.S. Takes Bitcoin Mining Crown After China Crackdown

The U.S. is fast becoming the new global hub for bitcoin mining.

After a government crackdown in China, many miners are betting on reliable access to energy and a more predictable regulatory environment in the U.S. More than a third of the global computing power dedicated to mining bitcoin is now drawn from machines in the U.S., up from less than a fifth last spring, according to data from the University of Cambridge.