US Top Location for Mining After China's Crackdown
The United States is now the number one Bitcoin mining location after China announced plans to restrict cryptocurrency activity in the nation.
Bitfury, a US-based mining company, has recently opened a mining facility after receiving $80 million in funding from an international investor. Bitfury will be setting up its mining center in Georgia and is expected to provide over 100 jobs for Georgian citizens with salaries around $50,000 a year.
Georgia Becomes Mining Hub
Georgia is known for being one of the friendliest countries in the world for Bitcoin miners and miners from all over the world have been flocking to set up mining centres in Georgia.
This move comes after China announced its plans to crackdown on cryptocurrency activity within the nation's borders. Mining centres are now expected to be set up in parts of the world that are more crypto-friendly, with Georgia being one of them.
More Business news.
Author: Moni Talks
Moni Talks is a cryptocurrency trading exchange and social platform that is dedicated to the crypto community.