Compass Mining launches the North American Bitcoin Mining Index to map the industry's rapid migration from China to the US and Canada.
Compass Mining, the world's first online marketplace for Bitcoin mining hardware and hosting, has released the North American Bitcoin Mining Index (NABMI), a comprehensive analysis of the Bitcoin mining industry across the United States and Canada. The report arrives at a moment when the global hashrate distribution is being rewritten in real time.
Studied and compiled over a six-month period, the NABMI covers the full landscape of North America's rapidly evolving mining sector. It includes insights from dozens of industry insiders and offers a detailed analysis of the ongoing shift in Bitcoin mining toward both the US and Canada. From the region's top public mining companies to off-grid mining startups operating in remote energy pockets, the index breaks down the real state of Bitcoin mining in North America and clarifies its limitations and growth potential across energy markets, hosting capacity, hardware manufacturing, and regulatory frameworks.
Historically, the majority of Bitcoin mining hashrate resided in China. After the invention of the Bitcoin mining ASIC in 2013, strong economies of scale emerged in provinces like Sichuan and Xinjiang, taking advantage of cheap excess hydropower and coal energy alongside robust hardware manufacturing markets. At its peak, roughly 65% of global hashrate was located in China as of April 2020. That dominance appeared unshakable.
Recent regulatory crackdowns changed everything. Beijing's sweeping bans on cryptocurrency mining triggered a mass exodus of hashrate from China, sending major operations scrambling for new homes. Key industry players are now conducting herculean logistical transfers, shipping thousands of ASIC machines across oceans while searching for affordable energy sources and reliable hosting facilities. North America, with its deep capital markets, mature energy grids, and relatively lean competition compared to China's saturated mining hubs, stands as one of the most attractive destinations for displaced miners.
"Compass is built on bringing transparency to an otherwise opaque industry," said Whit Gibbs, CEO of Compass Mining. "Our research and media efforts continue to be focused on disseminating industry-leading data so that Bitcoin miners have the actionable information they need to build and scale profitable mining operations."
The company's vantage point is difficult to replicate. Compass Mining operates a retail miner network spanning seven countries with approximately 0.5% of the Bitcoin network's total hashrate under management. That footprint provides uniquely comprehensive insight into the largest geographic transition the Bitcoin network has experienced to date as miners migrate en masse to North America. The NABMI addresses competitive edges held by incumbent North American firms, the patchwork of regional regulatory regimes across states and provinces, the development of secondary hardware markets, and the diverse energy sources available across the continent.
One of the more significant themes the report explores is the intersection of Bitcoin mining and energy policy. As mining operations scale up in Texas, Georgia, Quebec, and elsewhere, the strain on local grids and the potential for mining to support renewable energy development have become central conversations. The NABMI does not shy away from these complexities. It acknowledges both the opportunity for miners to act as flexible load on power grids and the legitimate concerns about energy consumption that continue to draw scrutiny from lawmakers and environmental groups.
For anyone serious about understanding where Bitcoin mining is headed, this report offers a grounded, data-driven starting point rather than speculation.
Download the NABMI report today for free. Also be sure to check out compassmining.io for original research, articles, and content on the Bitcoin mining ecosystem.
About Compass:
Compass Mining is a Bitcoin-first, proof-of-work mining company on a mission to strengthen Bitcoin's network by democratizing hashrate. Compass' mining marketplace offers easy procurement and deployment of mining machines for institutional and retail clients. Compass also produces industry-leading research and educational content through a variety of tailored media product offerings. Mining is a notoriously opaque sector of the Bitcoin industry, but Compass now serves as the guide for everyone's path to successfully mining Bitcoin. Thanks to Compass, mining Bitcoin has never been easier.
Media Contact for Compass:
Zack Voell
Content Director
[email protected]
