Following recent state clampdowns, Chinas hashrate dominance is dwindling while America's is increasing as mining operations can tap into cheap renewable energy in states such as Texas.

　　More firms are setting up operations in the U.S., attracted by this abundance of renewable energy. The latest collaboration between mining software company Luxor and institutional Bitcoin technology and financial services firm NYDIG aims to foster growth in the rapidly expanding industry.

　　However, one of the biggest winners for geographical reasons is neighboring Kazakhstan.