Category: influx

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept […]

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Iran Raises Alarm Over Potential Influx of Miners From China

Iran Raises Alarm Over Potential Influx of Miners From China

With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns […]

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