Is crypto mining really moving to North America?

Since 2018, there’s been talk about China losing its crypto mining lead to North America. The idea made headlines again in early 2020 after Barry Silbert, founder of $3 billion crypto investment fund Grayscale put a big bet on mining in the US.China’s status as the world’s crypto mining leader has gone unchallenged for at least five years. The country is home to the biggest equipment manufacturers and accounts for almost 65% of the global bitcoin hashrate, a measure of computer power on the network, data compiled by researchers at the Cambridge Centre for Alternative Finance.We’ve seen claims …

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