The United States will upgrade China as the Bitcoin mining country in the world, with more corporations in the United States now to enter the mining market.
Us company Genesis Digital Assets announced earlier in the day that it had acquired 20,000 Bitcoin miners. The acquisition comes as the company looks to expand its cryptocurrency mining operations and be one of the major industry players in North America.
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Genesis bought Bitcoin mining machines from Canaan, one of the leading brands of cryptocurrency miners. The partnership between Genesis and Canaan goes beyond simply buying Bitcoin miners, as they would work in combination to build and operate commercial-scale bitcoin mining knowledge centers. to meet the 20,000 machines.
Canaan said, “Together with the Order, Canaan has granted Genesis Digital Assets an option to acquire up to 180,000 more mining machines. “According to Genesis co-founder and CEO Abdumalik Mirakhmedov, this new batch of Bitcoin mining machines will expand their mining operations in North America. They are also trying to expand their operations to the Nordic countries. He added that the cryptocurrency company needs to expand its operations in those regions because of its interest in harnessing renewable energy. our capacity as we move towards our purpose of expanding our capacity to 1. 4 gigawatts through the end of 2023,” he added.
North America is adapting to the new cryptocurrency miners’ house in the wake of China’s crackdown on cryptocurrency mining activities in recent months. The Chinese government has made it almost for cryptocurrency miners to mine to mine in the country. As a result, some of the miners began to move to more favorable regions such as the United States, Canada, Kazakhstan and Russia.
Bitcoin’s value continues to struggle below the $50,000 region. It has risen less than 1% in the last 24 hours and is trading just above the $47,000 mark. The main cryptocurrency may be to surpass the $48,000 point in the coming hours if the positive momentum continues.