Bitcoin mining continues to make headlines this week as China ramps up its clampdown on the long-running — and once-dominant — sector.
In the latest episode of The Scoop podcast, Amanda Fabiano — who leads Galaxy Digital’s mining business — explained exactly what is happening in China, noting that authorities there recently ordered bitcoin mining projects to close in the southwest province of Sichuan.
However, this could provide a bull case for North American mining, as miners are pushed out of China in search of areas with cheaper sources of energy like Kazhakstan.
“A lot of people have built lives there on Bitcoin mining. They were the first people who dove into how to set up these large mining facilities. They have been holding the Bitcoin network up and running it forever. So I genuinely feel for the groups that have been working on that… On the other side, I think it’s really bullish for North American mining. And I also think it’s a testament to how the Bitc

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