Global Hashrate After 2024 BTC Halving: A Three-Way Balance Across North America, Asia-Pacific, and the Middle East

After the April 2024 halving, BTC network hashrate climbed from 600 EH/s to 750 EH/s within six months, far exceeding the bearish expectation of 'halving equals crash'. This article analyzes the new landscape from three dimensions. First, regional distribution — North America (Texas, Quebec) accounts for about 40% of hashrate thanks to stable power and friendly policies; Asia-Pacific (Chinese compliant farms, Southeast Asian hydro farms) maintains 30%; the Middle East (UAE, Saudi Arabia) has jumped to 15% leveraging ultra-low oil-based electricity. Second, regulatory policy — the U.S. SEC's March 2025 ruling that PoW mining is not a securities issuance has improved the compliance environment and pushed institutional capital in. Third, electricity costs — the global lowest electricity at $0.04-0.06/kWh is attracting miners to relocate from Northern Europe to the Middle East. MarsHub has partnered farms in Texas, Dubai, Shenzhen, Hong Kong, Malaysia, Indonesia, Thailand, and Russia, providing localized compliant deployment for global clients.

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This article is provided for informational purposes only and does not constitute investment advice. Always conduct your own research before making any financial decisions.