The US has solidified its position as the world's largest Bitcoin mining hub, with 75.4% of the reported hashrate, according to a recent Cambridge survey. The country's focus on developing the Bitcoin mining industry was highlighted in the Cambridge Digital Mining Industry Report. While the US dominated the survey results, Canada, Paraguay, Norway, and Kazakhstan followed with smaller percentages. However, the survey may overrepresent US activity due to the sample bias. Despite this, the US government is keen on expanding the industry, as seen in the establishment of the United States Investment Accelerator. This initiative aims to support miners in gaining energy autonomy and reducing costs. Companies like Cleanspark and American Bitcoin Corp are already making moves to capitalize on the growing sector. Analysts project a significant increase in the global Bitcoin hashrate, although challenges like tariffs on mining equipment could impact profitability and market dominance. Read more AI-generated news on: https://app.chaingpt.org/news

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