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U.S. officially the top destination for bitcoin miners, beating out China for the first time

  • The U.S. is now the top destination for bitcoin miners, eclipsing China for the first time ever.

  • One-third of bitcoin’s hashrate is in the U.S., according to the Cambridge Centre for Alternative Finance, a 428% increase from September 2020.




The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first time ever. While it was already trending in that direction, new data from Cambridge University released early Wednesday makes it official.


As of July, 35.4% of bitcoin’s hashrate – an industry term used to describe the collective computing power of miners – is in the United States, according to the Cambridge Centre for Alternative Finance. That’s a 428% increase from September 2020.


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