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Bitcoin Power Play: Trump-Endorsed Effort Takes Aim At China’s BTC Mining Supremacy

Bitcoin Power Play: Trump-Endorsed Effort Takes Aim At China’s BTC Mining Supremacy


Bitcoinist
2024-08-27 03:30:48

For years, the Beijing-based company Bitmain Technologies has dominated the Bitcoin mining business, controlling an estimated 90% of the global market for the specialized computers used to power the cryptocurrency’s decentralized network. But now, Bloomberg reports that Bitmain’s reign is facing an “unprecedented threat” as rising political tensions and the prospect of a Donald Trump


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