The U.S. now accounts for 37.84% of the global Bitcoin mining hashrate, according to new data published by the Cambridge Centre for Alternative Finance.
In October, the U.S. appeared in first place for the first time after China's share of the global hashrate dropped to virtually zero due to the Communist Party of China's crackdown on the energy-intensive industry.
FoundryUSA also ended up becoming the biggest mining pool in the world.
Georgia is the biggest mining hub in the U.S. by a wide margin, accounting for more than 30% of the country's hashrate. It is followed by Texas (11.22%) and Kentucky (10.93%). What is more, New York and California, two deep blue states, are also responsible for a significant share of mining activity (9.77% and $7.9%, respectively), despite the fact that many progressive Democrats are opposed to Bitcoin.
Alex DovbnyaMeanwhile, Kazakhstan, which emerged as one of the top Bitcoin mining destinations, saw a major decline in its share of hashrate, which has dropped to 13.22%.
Canada comes in fourth place with a 6.48% share of Bitcoin's global hashrate.
Tomiwabold Olajide
Vladislav Sopov
Dan Burgin