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On June 18, 2021, the relevant departments of Sichuan Province formally issued a notice requiring power generation companies to conduct self-examination and self-correction, immediately stop supplying power to virtual currency "mining" projects, and fully implement national clean-up requirements.
After the central government issued a request to "combine Bitcoin mining", the major Bitcoin mining locations in Xinjiang, Inner Mongolia, Qinghai, Yunnan, and Sichuan introduced regulatory policies to clean up Bitcoin mining.
This means that large-scale Bitcoin mining will basically have no place in China, and Bitcoin mining is frozen in China. As a G2 country that has attracted worldwide attention, some states in the United States are welcoming Bitcoin mining on a large scale. This may bring us some reference and enlightenment.
North American Bitcoin Mining Listed Company
According to incomplete statistics, there are at least five Bitcoin mining companies that are located in North America and listed on the North American capital market.
| Marathon Digital Holdings
Marathon Digital Holdings was formerly known as Marathon Patent Group. It was established as a patent holding group in the early 2010s. Marathon is now a major Bitcoin mining company and Bitcoin holder.
Marathon Digital Holdings purchased the Hardin Power Station in Montana in 2021, which generates 107MW of electricity to provide electricity for Bitcoin mining.
The company currently holds 5,518 Bitcoins, of which 4,12.66 were bought by the company in January 2021 at an average price of $31,168, and the rest came from its mining activities.
| Hut 8 Mining Company
Hut 8 is a mining company headquartered in Canada. As of now, Hut 8 holds 3,233 Bitcoins.
Almost all of Hut 8's bitcoins are mined by their own mining farms. According to a press release issued by Hut 8 in February 2021, the computing power of Hut 8's mine in Alberta reached 1073P, and the power capacity increased to 109 MW. Hut 8 became the second largest installed capacity of listed companies in the Western Hemisphere. Coin mining farm.
| Riot Blockchain
Riot Blockchain is a public company focused on Bitcoin mining. Most of their bitcoins are also directly mined by themselves.
Riot is growing rapidly and plans to deploy another 7,500 S19 Pro by the end of June 2021. This is expected to increase Riot's computing power to 2.51E and expected power consumption to reach 79.5MW.
On May 26, 2021, Riot acquired Bitmain's Whiestone US mine in Rockdale, Texas. Whinestone is the largest Bitcoin mining farm in North America.
Riot acquires the Whiestone mine built by Bitmain
| Bitfarms Limited
Bitfarms Limited is another Bitcoin mining company located in Canada, and its stock is traded in Canada BFARF OTCMKTS.
In January 2021, Bitfarms started a pilot program for Bitcoin inventory. Through this plan, Bitfarms has added the vast majority of bitcoins it mines to its balance sheet. In May 2021, Bitfarms mined the 1,000th Bitcoin, bringing its total holdings to 1,006 Bitcoins. As of June 9, Bitfarms added 108 bitcoins to its balance sheet, bringing its total to 1,114. It is worth noting that almost all bitcoins mined by Bitfarms come from hydropower.
Bitfarms CEO Emiliano Grodski said recently: “Benefiting from Chinese regulation, Bitfarms is experiencing the fastest growth rate in history this year. It is expected that the computing power installed by Bitfarms will more than double from now to the end of the year.”
On June 17, 2021, Bitfarms announced that its shares will be listed on NASDAQ on June 21, 2021.
| Hive Blockchain
HIVE Blockchain Technologies is headquartered in Canada and was publicly listed on the Canadian SX Venture Exchange (TSX.V) in 2017. There are mines in Canada, Sweden and Iceland. In January 2021, HIVE BlockChain announced the purchase of 6,400 Canaan AvalonMiner 1246, which is expected to be delivered in 8 batches in 2021. Hive Blockchain said that by the end of 2021 its total computing power will increase to 1229P.
On June 18, 2021, Canadian listed mining company Hive Blockchain announced that it has obtained NASDAQ approval, and its common stock can be listed and traded on NASDAQ.
This means that within 24 hours, Nasdaq passed the application for listing and trading of two Bitcoin mining companies.
Policy of some states in the United States: welcome miners
The United States is a federal country, and there is no unified policy on Bitcoin mining. There is competition among states. Therefore, there are always some states that are friendly to crypto mining to become popular candidates for Bitcoin mining. Such as Texas, Wyoming, Florida.
Texas, a major energy state, has cheap energy and is the main candidate for many bitcoin mines. For example, the Whiestone mine built by Bitmain above is the largest bitcoin mine in North America.
The states of Wyoming and Florida are very friendly to blockchain and cryptocurrencies.
