Bitcoin Mining companies in China move to other countries


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Kazakhstan is the preferred point fo r Bitcoin mining companies. • China continues its crackdown on cryptocurrencies. Companies dedicated to Bitcoin mining in China have continues to transfer their operations to other countries. This comes as Beijing increases pressure on its efforts to ban cryptocurrencies. China has been slowing down the cryptocurrency market for over two months, banning its mining and general trading. Shenzhen-based company BIT Mining said on Monday that it had to deliver 320 mining machines to Kazakhstan. The company expects to deliver another 2,600 machines to the country before the end of June. The remaining Bitcoin mining...