The growing ban on Bitcoin mining in several countries, including Russia and China, is fueling the growth of specialized data-crunching facilities for cryptocurrency mining in the already red-hot US data center sector.
The United States is getting the lion's share of mining for Bitcoin and other cryptocurrencies that require a huge amount of blockchain data-crunching. Bitcoin mining is thriving in Texas, and strong sectors have developed in Wyoming and Georgia.
According to the Financial Times, the push to ban cryptocurrency mining overseas—including an effort led by Sweden for a European Union-wide ban—has boosted a wave of Bitcoin mining data center projects in the US.
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