As Beijing’s attitude to crypto mining hardens, and as Chinese provincial and other administrators crack down on the industry, Chinese miners are decamping to countries in which they are less unwelcome.
Some early favorites among destinations for miners looking to relocate their operations are Kazakhstan, North America and Northern Europe.
Crypto mining farms in Kazakhstan — a large coal producer just across the border from the northwestern Chinese region of Xinjiang — are seeing an uptick in Chinese miners’ demand for services. Didar Bekbauov, a co-founder of Xive, a crypto mining company based in the Kazakh city of Almaty that offers hosting services, told Forkast.News that many miners that had operations in China had reached out to his company, and that he was busy scheduling visits for those who wanted to pay a visit to his mining facilities in Kazakhstan.
