CryptoQuant Co-founder: The dominance of Bitcoin mining power is shifting from China to American mining companies

ChainCatcher news, CryptoQuant co-founder Ki Young Ju expressed his views, pointing out that the dominance of Bitcoin hash power is shifting towards American mining companies.

According to Ki Young Ju, Chinese mining pools currently operate 55% of the network hash power, while American mining pools manage 40% of the hash power. He further explained that American mining pools primarily serve institutional miners in the U.S., while Chinese mining pools support relatively smaller Asian miners.