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The US now dominates Bitcoin mining - does price follow hash rate or hash rate follow price?

The Bitcoin mining industry has moved from China to the U.S. What are the implications for the network, and does price follow hash or does hash follow price?

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

The US now dominates Bitcoin mining - does price follow hash rate or hash rate follow price?
The Bitcoin mining industry has moved from China to the U.S. What are the implications for the network, and does price follow hash or does hash follow price?

Why this matters

This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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