US Dominates Crypto ATM Installs and BTC Hash Rate Worldwide

With China excluded from the competition, the United States took over to become the highest contributor to the BTC hash rate, accounting for 37.84% of total mining. power by January 2022.

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Despite the myriad state and federal regulatory hurdles facing crypto businesses in the region, the United States plays a major role in preserving the Bitcoin (BTC) and crypto ecosystem. As China slips out of the picture following a crypto permaban, the US retains the top spot in terms of hash rate contribution and ATM installs globally.

Before cracking down on BTC mining, China historically accounted for more than 50% of the total hash rate until February 2021. With China shut out of the competition, the United States took over to become largest contributor to the BTC hash rate - representing 37.84% of total mining energy by January 2022.

Bitcoin Mining Hash Rate Breakdown September 2019 to January 2022, by country. Source: Statista

As noted above, Chinese miners resumed operations in September 2021. However, miners in the United States continued to dominate the space while increasing their contribution to the mining rate. month-to-month hash.

Distribution of crypto-automata by continents and countries. Source: CoinATMRadar

In addition, the United States is home to the highest number of ATM installations, accounting for nearly 88% of the total number of crypto ATM installations worldwide. Over 90% of all crypto ATMs installed in the past few months are in the United States. Data from Coin ATM Radar confirms that the trend is continuing through July, with the US seeing 641 of the 710 bitcoin and crypto ATMs installed in the first 10 days of the month.

Further strengthening North America's position in the crypto ecosystem, Canada represents the second largest crypto ATM network after...