The Scoop Mining Report with Wolfie Zhao: The end of China's bitcoin mining powerhouse

<p>The latest data from Cambridge Centre for Alternative Finance shows that the U.S. has taken over China as the country with the biggest share of Bitcoin's hash rate.</p><p>The backdrop of this data shift: the near-complete exodus of bitcoin miners from China, once the undisputed powerhouse for this particular sector of the crypto economy.</p><p>This historic reversal took place over the course of mere months after China ordered its initial crackdown on the crypto mining space in May. China's government escalated the crackdown even further last month, and major companies like Bitmain have been...