The United States has become one of the largest cryptocurrency mining countries in the world.
The United States is home to some of the world’s leading cryptocurrency mining companies.
Since the recent crackdown on cryptocurrency mining activities in China, the United States has become one of the preferred destinations for cryptocurrency mining companies.
Riot Blockchain CEO Jason Les Told Yahoo Finance He believes Bitcoin mining will continue to thrive in the United States. Riot Blockchain is one of the leading Bitcoin mining companies in the United States.
When asked about cryptocurrency mining during the winter of this crypto, Les said.
“In the United States, I think the mining industry will continue to thrive, especially in grids like Texas’s ERCOT, in a very business-friendly environment, and in a good electricity environment. We – Bitcoin’s mining economy has declined, There are still big opportunities here.
In addition, grid programs such as the 4CP and CLR, and all programs offered by ERCOT, help miners reduce their energy costs. And it encourages the development of more generations on that grid. Therefore, I think that it will continue to expand in the future, but it is expected that it will be expanded by more efficient operators. Efficiency and power strategies will be important for players who want to succeed. “
Mr Les added that the company feels there is room for growth in the crypto sector in North America. He added it.
“That is, we believe that the largest facility in North America and the Winstone facility in Rockdale, Texas will soon be the largest in the world. We are currently expanding it to about 700 MW, just in the last few months. So, we announced a new site to build about two hours ahead, which will be even larger than that of 1 MW when fully completed. Therefore, absolutely, we continue to expand our business and power strategy. Continues to expand and continue to expand its active presence on the ERCOT grid. “
The crypto market has been bearish for the past few months and most coins have fallen by more than 60% from record highs.
