Bitcoin miners relocate to Southeast Asia, particularly Borneo, after China's 2021 crackdown.
Bitcoin miners relocate to Southeast Asia, particularly to Borneo, after China's 2021 crackdown on the industry. Miners like Bityou, led by owner Peter Lim, have set up operations in abandoned industrial areas, with the largest site in Tanjung Manis, Sarawak. The move follows China's ban on Bitcoin mining, forcing miners to seek alternatives in other regions with cheaper electricity costs and less regulatory pressure.
June 13, 2024
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