Bitcoin mining’s North American growth in 2021 and outlook for 2022

On-chainDecember 21, 2021, 4:12PM EST
UPDATED: March 16, 2022, 7:29AM EDT
Bitcoin mining’s North American growth in 2021 and outlook for 2022
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The Bitcoin mining industry has gone through a significant geographic shift in 2021 with the rise of the hashing power located in North America.

The data provided by four large Bitcoin mining pools estimated that as of August – just three months after China’s crackdown on Bitcoin mining – North America already became the top Bitcoin mining hub with over one third of the network’s total hashing power.

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