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China's Bitcoin Mining Crackdown Is a Boon for Miners Elsewhere

Miners outside of China are getting a financial boost from their competition’s forced exile. Will the trend continue?

By David Z. Morris
Updated May 9, 2023, 3:21 a.m. Published Jun 30, 2021, 12:53 p.m.
Warehouses storing bitcoin mining machines stand at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017.
Warehouses storing bitcoin mining machines stand at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017.