Bitcoin miners flocked to US ahead of Chinese crypto crackdown

Bitcoin miners have been flocking to the US and Kazakhstan as China’s government prepared to crack down on the currency, new data shows. America’s share of worldwide Bitcoin mining rose from 4.1pc in September 2019 to 16.8pc at the start of April, putting it second in the world, according to figures from the Cambridge Centre for Alternative Finance (CCAF). Kazakhstan’s share also surged sixfold from 1.4pc to 8.2pc, taking third place, while China’s plummeted from 75pc to just 46pc. Russia came fourth with 6.8pc, while Iran was fifth with 4.6pc. That was before the Chinese government announced a nationwide wide…