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US leads world in bitcoin mining after China crackdown sends industry overseas

Industry’s huge use of electricity could present an awkward question for Joe Biden ahead of the Cop26 climate talks

The United States has overtaken China to account for the largest share of the world’s bitcoin mining, according to data published by researchers at Cambridge University.

The figures demonstrate the impact of a crackdown on bitcoin trading and mining launched by the Chinese government in late May, which devastated the industry and caused miners to shut up shop or move overseas.

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