U.S. Solidifies Its Lead as the World's Top Bitcoin Mining Hub

According to a recent report from Cambridge University, the United States has solidified its position as the world's largest Bitcoin mining hub, accounting for 75.4% of the reported hash rate. This report, compiled by the Cambridge Centre for Alternative Finance based on data collected between June and September 2024, highlights that the U.S. leads significantly over other countries in Bitcoin mining. The U.S. government is actively supporting this industry through initiatives such as investment accelerators and promoting energy independence for miners. However, import tariffs on mining equipment from Asian countries pose challenges to profitability. Despite these obstacles, analysts remain optimistic about the future of Bitcoin mining in the U.S. and its potential role as a store of value and a hedge against inflation.