China Still Dominates Global $BTC Mining Roots
Despite the relocation of miners worldwide, 55–65% of global $BTC mining still traces its roots back to China, according to an article by CryptoNews, citing Batyr Hydyrov, CEO of Uminers.
🔧 Chinese giants Bitmain, Canaan, and MicroBT — who produce 99% of the world’s ASIC mining hardware — have shifted operations to the U.S. to avoid Trump-era tariffs.
After China’s mining ban, the U.S. share of Bitcoin’s global hashrate soared from 4% in 2019 to 38% today.
While mining has moved offshore, China’s capital, hardware production, and technical expertise remain central to the global Bitcoin mining ecosystem.
#BTC Price Analysis# #China