Updated: 20.03.2026
The Chinese government’s crackdown on cryptocurrency miners has caused serious damage to the industry, although it must be admitted that this has forced operators to look for optimal locations and conditions.
Some Chinese miners have moved to neighboring Kazakhstan, many of them have set their sights on moving their facilities to the United States, where they are promised fairly favorable conditions.
Moreover, local players have taken advantage of this situation to strengthen their position in the industry. For example, energy supplier Energy Harbor Corp recently signed a 5-year agreement with Standard Power, a leading hosting provider for mining companies, to use nuclear energy Bitcoin mining centers.
It is reportedThe Bitcoin mining facility, located in Coshocton, Ohio, will begin receiving electricity later this year.
Standard Power CEO Maxim Serezhin reaffirmed the company’s commitment to clean energy and long-term sustainable development:
We chose Ohio because of its low energy costs and availability of carbon-free energy sources. By partnering with Energy Harbor, we have proactively structured our hosting capabilities to ensure we are 100% carbon neutral.
Ohio is a state with crypto-friendly policies and active use of the technology Block. Back in August 2018, Governor John Kasich signed a law that recognizes blockchain transactions as legal evidence in courts. In November of that year, Ohio began accepting bitcoin as a form of tax payment.
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