NEW: Although China remains the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies.
“We lost 10 percent of our bitcoin hashrate from our clients, for some of our competitors it was closer to 30 percent,” Heller said, referring predominately to miners across Southeast Asia and Europe.
Mining operations in North America have also been impacted. Upstream Data founder Steve Barbour, who operates bitcoin mines on oil fields in Canada, said fewer companies are allocating resources to experiment with bitcoin, at least so far.
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