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The industry craze of diversifying output locations can be a reaction to shifting trade and regulatory landscapes. This shift is pushed by uncertainty close to US-China trade guidelines and their impact on the copyright sector.
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Marketplace insiders warn that even more scrutiny could expand to mining components producers as Component of a broader decoupling in tech infrastructure in between The 2 nations.
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While Sophgo is not directly tied to bitcoin mining, the designation underscores the broader suspicion US authorities have towards Chinese tech companies.
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Bitmain's dominance inside the mining machines enterprise is usually a important Consider its achievements, controlling just as much as eighty% of the market for bitcoin mining products.