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For Bitmain and also the broader mining Neighborhood, setting up US-based mostly generation is actually a strategic go to adapt to transforming instances. By doing so, they might superior navigate the difficulties of a quickly evolving industry.
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“A huge selection of Many these rigs are now connected to the US electrical grid,” reported Gupta. “It’s not just an economic dependency; it’s a strategic vulnerability.”
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Canaan has taken steps to length itself from Chinese oversight, relocating its headquarters to Singapore and reporting that forty per cent of its 2024 earnings came within the US.