While North America remains the dominant hub for BTC mining, significant expansion efforts are now directed towards Africa, Northern Europe, and APAC. This shift signifies a strategic move to tap into diverse energy sources and regulatory environments, positioning the industry for sustained growth.

Key Insights:

1. Geographical Expansion: BTC mining companies are diversifying their operations by entering new markets. Marathon has grown its operations from one country to three since 2023 and plans to operate in four countries. Iris Energy plans to operate in APAC, Marathon in Africa, and Bitdeer to expand in Norway.

2. Utilizing Local Energy Resources: Expanding into areas with favorable energy conditions helps companies leverage cost-effective power sources, enhancing operational efficiency. For example, Bitcoin mining projects help monetize stranded energy in developing countries, such as the partnership between Kenya and Marathon. This partnership provides both access to cheap electricity and helps Kenya utilize its stranded energy.

This global diversification highlights the dynamic nature of the BTC mining sector and the ongoing efforts to innovate and expand. Stay tuned for more updates on how these strategic moves will shape the future of Bitcoin mining.