65% of Bitcoin mining activities still originate from China.

According to Batyr Hydyrov, CEO of Uminers, 55% to 65% of Bitcoin mining activity worldwide still originates from China, even though it has shifted to countries like America and Russia. The three largest mining machine manufacturers — Bitmain, Canaan, and MicroBT — have established operations in America to avoid Donald Trump's taxes. Before the mining ban in China in 2021, the country accounted for 74% of the Bitcoin supply. Uminers' partners have moved orders from China to North America and Russia, with many companies increasing their mining capacity by 30% to 150%. Although some miners still operate in underdeveloped areas of China, large companies have moved abroad. Developing local expertise in America will take time, and achieving complete independence will require coordinated efforts.