Institutional Interest in Crypto Miners is Peaking

As China is working to shut down Bitcoin mining, the U.S. is becoming the new hub for the industry. As of April 2021, they account for 17% of all of the world’s Bitcoin miners. This is due in large part to governments and businesses being more open to the use of cryptocurrencies. Darin Feinstein, Founder and Chairman of Core Scientific, noted, “For the last 18 months, we’ve had a serious growth of mining infrastructure in the U.S….We’ve noticed a massive uptick in mining operations looking to relocate to North America, mostly in the U.S.”