Virtual Currency Mining Operations Relocate to Kazakhstan, Texas, and Beyond

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The global cryptocurrency mining landscape is undergoing a significant shift as operators respond to regulatory crackdowns and seek more favorable jurisdictions. Once dominated by China, the mining industry is now rapidly decentralizing, with major players like Bit Mining establishing operations in Kazakhstan, Texas, and other regions offering stable energy supplies and supportive policies.

This strategic relocation marks a pivotal moment in the evolution of blockchain infrastructure—one driven by necessity, opportunity, and long-term sustainability goals.

The Great Mining Exodus

In June 2025, U.S.-listed company Bit Mining (BTCM.US) announced the arrival of its first batch of mining equipment in Kazakhstan. The shipment, comprising 320 miners, delivers an estimated total hash rate of 18.2 PH/s and was fully deployed by June 27. An additional 2,600 units—projected to contribute approximately 102.3 PH/s—are expected to arrive before July 1. More of the company’s mining hardware continues to be shipped overseas in phases.

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This move reflects a broader trend across the industry. Following China's sweeping ban on cryptocurrency mining in key provinces such as Sichuan, Xinjiang, and Yunnan, domestic operations have largely halted. Miners in Sichuan—who once relied on abundant hydropower—have either relocated equipment abroad or placed assets in temporary storage. Those with pre-established international partnerships are now actively transporting hardware container by container.

As a result, the global distribution of mining power has shifted dramatically. According to data from BTC.com, several major mining pools have seen sharp declines in hash rate over just one week:

BTC.com’s network share now stands at 8.08%, the lowest level in a year compared to its previous high of 11.36%. These figures underscore the scale of the exodus and highlight the urgency for miners to reestablish operations abroad.

Strategic Expansion into Kazakhstan and Texas

Bit Mining’s international strategy centers on two key hubs: Kazakhstan and Texas.

Kazakhstan: A Growing Mining Hub

In May 2025, Bit Mining signed a binding investment term sheet with a local Kazakh firm to co-develop a large-scale cryptocurrency mining facility. The project includes a data center expected to operate at a peak load of 100 megawatts (MW). The company plans to invest $9.33 million (60 million RMB) for an 80% ownership stake, with its partner holding the remaining 20%.

Additionally, Bit Mining entered into a hosting agreement with two Kazakh enterprises responsible for comprehensive on-site services—including server management, broadband connectivity, security monitoring, technical support, and maintenance assistance. This partnership ensures operational stability and local compliance.

Texas: Clean Energy and Scalability

On May 19, 2025, Bit Mining announced a joint venture with Dory Creek, LLC—a subsidiary of Bitdeer—to build a mining farm in Texas, investing $25.74 million. The facility is projected to run at 57.2 MW, with over 85% of its energy derived from clean and low-carbon sources such as wind and solar. As Texas continues to modernize its grid, the proportion of renewable energy is expected to rise further.

Notably, Bit Mining previously operated a 435 MW hydropower-powered facility in Sichuan, making sustainability a core component of its operational model. With the new Texas site and ongoing development in Kazakhstan, the company’s total overseas power capacity will reach 157.2 MW, with over 98% of its self-owned mining energy coming from clean sources.

CEO Yang Xianfeng emphasized that international expansion is part of the company’s long-term vision:

“Expanding overseas is a core part of our strategy. By pioneering investments in Texas and Kazakhstan, we gain first-mover advantages in new markets. Combined with our deep understanding of crypto mining, this enables us to adapt to evolving global regulations and drive sustainable growth.”

From Losses to Profits: A Business Transformation

Bit Mining’s journey reflects both the volatility and opportunity within the digital asset space.

Originally known as 500.com (WBAI)—a lottery services provider—the company struggled financially for years:

The turning point came in December 2020, when the company rebranded as Bit Mining and pivoted into blockchain and cryptocurrency mining under CEO Yang Xianfeng.

Fueled by the bull market of early 2025, Bit Mining reported its first profit in five years in Q1 2025:

The company mined 147 bitcoins during the quarter—worth around $8.3 million at current prices—with daily production reaching up to 4 BTC. As of May 10, it held a total of 489 bitcoins.

This financial turnaround enabled strategic acquisitions:

While BTC.com remains a strong performer, some acquired entities have underperformed operationally.

🔍 Frequently Asked Questions (FAQ)

Q: Why are crypto miners moving to Kazakhstan?
A: Kazakhstan offers low electricity costs, a relatively supportive regulatory environment, and proximity to former Chinese mining operations. Its growing digital infrastructure makes it an attractive alternative for relocated mining farms.

Q: Is cryptocurrency mining still profitable after the China ban?
A: Yes—especially when powered by low-cost or renewable energy. Companies like Bit Mining have maintained profitability through strategic relocation and operational efficiency improvements.

Q: How does clean energy impact mining sustainability?
A: Using renewable sources reduces environmental impact and often lowers operating costs. With over 98% clean energy usage planned across its owned facilities, Bit Mining positions itself as a leader in eco-conscious mining.

Q: What role does Texas play in global crypto mining?
A: Texas offers deregulated energy markets, abundant wind and solar power, political support for blockchain innovation, and robust grid infrastructure—making it one of the top destinations for U.S.-based mining operations.

Q: Can small-scale miners compete internationally?
A: While large firms benefit from economies of scale, smaller operators can succeed through niche strategies—such as co-location hosting or focusing on renewable microgrids—especially in regions like Texas or Scandinavia.

👉 See how next-generation mining farms are leveraging clean energy and cutting-edge technology to maximize returns.

Core Keywords

The migration of mining operations from China to countries like Kazakhstan and the United States represents more than just a geographic shift—it signals maturation in the industry’s approach to regulation, energy use, and global scalability.

As firms like Bit Mining establish stronger international footprints, they set new benchmarks for efficiency, transparency, and environmental responsibility in decentralized networks.

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