Back in 2019, CEO Brad Garlinghouse made the infamous prediction that (BTC) wouldn’t win worldwide adoption because “Bitcoin is really controlled by China.” Flash forward to 2021, where Bitcoin now is hitting all-time highs and gaining legal tender status, and China has enacted a comprehensive crackdown on cryptocurrency, allowing the US to overtake it as the world’s largest BTC mining hub. Now there’s not only been a mass exodus of crypto related operations from China to the USA, including livestreaming dogecoin (DOGE) mining platform Hello Pal International Inc. (CSE:HP (NYSE:)) (OTCQB:HLLPF), BTC miners SOS Limited Manufacturers of crypto mining machines (NYSE:SOS) Canaan Inc. (NASDAQ:CAN). Ebang International Holdings Inc. All while being a retail giant (NASDAQ:EBON). Alibaba Limited (NYSE: Group Holding Limited (NYSE:BABA), has officially prohibited all cryptocurrency-related purchases from its estore.

Although its headquarters are located in Vancouver, Canada. Hello Pal International Inc. (CSE:HP) (OTC:HLLPF) recently stated it’s relocating its crypto mining rigs to North America, after proactively securing new locations for their new Bitmain Antminer L7 Machines to be housed.

“We anticipate that our operations will be relocated to North America, which will allow us long term stability with our crypto-mining operations.”
KL Wong (Founder and Chairman) Hello Pal.

“This will allow us to build a strong foundation for our plan of integrating crypto in our core social network business.”
Its partner Shanghai Yitang Data, Hello PalThe company conducted a detailed review of global optimal mining locations, and ultimately decided to relocate most of its rigs to New York State.

All sites are powered by renewable, clean energy. Additionally, all the new mining rigs that are delivered from Bitmain will be directly shipped to North American facilities once they have been received. Delivery is scheduled for November/December.

Hello PalThe company will also continue selling its Antminer L3+ mining equipment in China. It will use the profits to purchase Antminer L7 models in North America.

Within a week, the announcement was made. Hello Pal Remarkable quarterly revenues were announced, with cryptocurrency mining accounting for the largest portion.

“We are extremely pleased with our progress as a Company and feel that these results can be seen in the financial numbers.”
Wong.

“We are excited by the ongoing internationalization and growth of our business. As a result, we have expanded livestreaming outside China. We also integrated cryptocurrency into our platform using our newly launched crypto mining operations.
Similarly, SOS Limited (NYSE:SOS) recently reported progress of its North American Super-Computing and Hosting Center, located in Wisconsin—a state rich natural resources and renewable energy. 6 mobile smart data centers are currently in Wisconsin.

SOS is establishing a supercomputing and hosting facility in Wisconsin as part of their efforts to develop a Blockchain-based technology ecosystem.
Yandai Zhang, Chairman and CEO of SOS.

We look forward to the launch of our Super-Computing & Hosting business in Wisconsin during the first quarter 2022.
Wisconsin’s center will have a total power of 50MW. It is fueled by both grid and renewable energy. When fully operational, the Wisconsin facility will have an estimated total BTC hash rate of 1000 PH. For Phase 1, the center will use 20MW. There are 17 units equipped with mobile smart data centres.

Mining machine manufacturer despite Chinese ban Canaan Inc. (NASDAQ:CAN), has secured orders for thousands upon thousands of machines, with the most recent being 6,500 Bitcoin mining computers. Blockchain Hive. This latest order by HIVE follows upon two recent purchases of 4,000 units and 6,400 units of Canaan’s Avalon Miners in August and January of 2021, respectively.

HIVE’s additional purchase order strengthens our working relationships.”
Nangeng Zhang is the Chairman and Chief Executive Officer. Canaan.

“The consecutive deals are not only a testament to the quality and performance of our mining machines, but also demonstrate our effective client relationship-building efforts. As HIVE grows, we will position ourselves as an essential partner.
It was May again Ebang International Holdings Inc. (NASDAQ:EBON), issued an official statement titled Crackdown Bitcoin Mining has no immediate or direct impact on the Company

It is a great place to be. Ebang stressed the crackdown had no direct or immediate impact on the company by highlighting for its shareholders the distinctions between its business and the impact of the China government’s policy.

“When we initially announced our mining company, we didn’t consider overseas mining farms. The recent crackdown against bitcoin mining in China had no immediate effect on us,”
EbangThe statement.

The company banned Chinese citizens trading, and barred potential Chinese-IP address users from accessing the exchange platform. This ban was in effect since our cryptocurrency trading system was launched. The Chinese government has not cracked down on trading, which is why the company’s prospects are unaffected by the crackdown.
It’s worth noting that Ebang hasn’t put out a single press release on its English language website since that May statement.

Multi-billion-dollar retail giant Alibaba Group Holding Limited (NYSE.BABA) took this ban extremely seriously and banned cryptocurrency mining from overseas in September.

Alibaba.com explicitly prohibited the sale of “virtual currency-mining machines” – including hardware and software used for obtaining cryptocurrencies such as bitcoin – as well as mining tutorials. It then removed two product categories – “blockchain miners” and “blockchain miner accessories” – from the site.

Recent developments have however made it easier to do so. Alibaba rebranded its non-fungible token (NFT) offerings as “digital collectibles”, in an effort to steer away from any potential conflict with Beijing—especially after Chinese state-run media recently warned of a potentially ‘huge bubble’ in the NFT market.

On Alibaba’s digital flea market Xianyu, a search for “NFT” does not show any results. Meanwhile a search for “digital collectibles”, turned up about a dozen items for sale.

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