United

Bitcoin

Hive

Northern

The landscape of Bitcoin mining has undergone a significant transformation, with major public <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a> now extending their operations across four continents, a trend that emerged post the Fourth Bitcoin <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">Halving</a>. <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">Hashrate</a> Index reports that these miners, historically rooted in North America, have now established a substantial presence in regions including South America, Asia, and Europe, according to <a href="https://twitter.com/hashrateindex/status/1747307883048423709" rel="noopener noreferrer nofollow">Hashrate Index</a>.
<figure class="wp-block-image"><img src="https://lh7-us.googleusercontent.com/wF7he7lxkzOEb-lHpAmark5tgeYJ6KgF-tnRPiWxDMYF7IpgxdVEf85ry4uQYVSzmKhuFVEUoRsnm2NCuQi-xBb04hXX8WiDx0IF4EmaonDRwdL4Cfu29925KTJULQgIJD4ZzMlDs9h-XAhggNHdk9c" alt="">
</figure>
In South America, notable players like <a href="https://ultramining.com/news/en/bitfarms-set-to-boost-mining-capacity-with-quebec-expansion/" rel="noopener noreferrer nofollow">Bitfarms</a> and <a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> are staking claims, as evidenced by operations in Paraguay and Argentina. The Middle East sees activity with a presence in the United Arab Emirates, and even Bhutan in Asia is on the mining map, though the exact locations of <a href="https://ultramining.com/news/en/bitdeer-pioneers-crypto-mining-expansion-with-norway-and-bhutan-data-centers/" rel="noopener noreferrer nofollow">Bitdeer</a> facilities remain undisclosed.
<figure class="wp-block-image"><img src="https://lh7-us.googleusercontent.com/dP2DNdizyI6bj0OSuCoguLQw6ixM5-WDe_de5KrIlDUASlR6AbCuzkaR_W5gEHW1E1pqqX-qbuIW0lIRsorMK1NHKnDWqsDq13QAxNaJu4jMQAOl1yLCwFFNxXZmrIJDHfgkvReYfMzhfIdDWG-BelE" alt="">
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The United States continues to be a hub, with Texas at the forefront, <a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/" rel="noopener noreferrer nofollow">hosting</a> a diverse array of miners. This expansion is not just concentrated; it's widespread across multiple states, from Tennessee to Georgia, indicating a strategic distribution aimed at optimizing regional advantages.
<figure class="wp-block-image"><img src="https://lh7-us.googleusercontent.com/dJMzqFFVWi1Mlm_AaPR1xcMcg19S1FiPvnzmUIpWf8HUeX6w2TZLXZPM-jxKBhX_fdB-OXbjqMjd0-lP0kMpeZu5r7pKblaldq8UxqD2o0QfIb4Z--_CwSFZ4tHsyYnY4pR7y45w6_ltqQ-e8qstdSs" alt="">
</figure>
<a href="https://ultramining.com/news/en/alberta-stanovitsya-centrom-majninga-v-kanade-2/" rel="noopener noreferrer nofollow">Canada</a>'s cooler climate and energy resources make it a natural choice for miners like <a href="https://ultramining.com/news/en/hut-8s-q2-2023-a-bitcoin-mining-marvel/" rel="noopener noreferrer nofollow">Hut 8</a> and <a href="https://ultramining.com/news/en/iris-energy-diversifies-into-ai-with-10-million-nvidia-gpu-purchase-amid-bitcoin-focus/" rel="noopener noreferrer nofollow">Iris Energy</a>, who are operating in Alberta and Quebec. Across the Atlantic, Northern Europe presents a new frontier with operations by Hive and Northern Data in countries known for their renewable energy resources, like Iceland, Sweden, and Norway.
<figure class="wp-block-image"><img src="https://lh7-us.googleusercontent.com/RxEH1AP38-1_qTEdNl3UOflnX73mL0Rh_Xl11Rg2cs-sozACH37PYbm7Bf7zZl0HUYdJvNTONAOQ_BW5L1nz9EZ03eDcYUhRw26uescnTPg-9qDc8hJ3jAIvDbyh_u8PvaZlpjfXyBo9JiRrfQrkXGw" alt="">
</figure>
This geographical diversification post the Fourth Halving suggests a strategic move by public miners to mitigate risks, optimize <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">energy costs</a>, and possibly leverage regulatory variations. It indicates a maturation of the industry, as companies seek to balance operational efficiency with the growing scrutiny on the environmental impact of mining activities.

Global Expansion of Bitcoin Mining: Public Miners Span Four Continents

Ultramining_Eng

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