After the State Council of China published a report on Friday calling for a fight against bitcoin mining and trading, mining companies are in a difficult situation.
One such company is a leading cryptocurrency mining fund that operates several data centers in China called BTC.TOP.
BTC.TOP CEO Jiang Zhuoer first announced that joint mining services will no longer be available for Chinese investors because the service is only a small part and the risk is not worth it.
Jiang Zhuoer subsequently added „In the future, we will mainly deploy mine mining in North America“.
According to the latest updated data from the University of Cambridge, China controls up to 65.08% of the monthly hashrate. Xinjiang Province has the largest share at 35.76%, Sichuan at 9.66% and Nei Mongol with 8.07%.
Source: CC News24