CEO of CryptoQuant: China controls (https://x.com/ki_young_ju/status/1838140712736711110) 55% of bitcoin's hashrate, despite the cryptocurrency ban. At the same time, the dominance is gradually shifting to American mining companies, with 40% of computing power located in the United States.

Crypto, the owner of the channel in TG - https://t.me/+_UyFJXmIRz1hNjky

Fascinating to see the shift in hashrate dominance. The Chinese ban has indeed accelerated the rise of American mining companies. This trend may lead to increased decentralization and resilience in the Bitcoin network.