Chinese rigs head stateside as US agenda steals the show at Bitcoin Asia

Bitcoin Asia happened in Hong Kong last week, but the power plays didn’t. The crowd showed up in Asia, the headlines went ￰0￱ inside the venue, from miners to politicians to fanboys with framed Michael Saylor art, could see ￰1￱ United States, once an outsider in crypto, now runs the ￰2￱ they’re not even pretending otherwise. Bitmain, the Chinese mining giant that once symbolized China’s grip on Bitcoin, told the world that it’s now building machines in the ￰3￱ Gao, Bitmain’s president of mining, said on stage that the company has already locked in over $1 billion in preorders for its newest rig, the S23 ￰4￱ said every single unit will be built in ￰5￱ shared the stage with Asher Genoot, CEO of Hut 8 Corp. , who’s also on the board at American Bitcoin, a company tied to President Donald ￰6￱ told the crowd that a new Texas mining facility went live in June, built in collaboration with Bitmain.

It’s now one of the biggest single-building Bitcoin mines on ￰7￱ context, these mining machines are no ￰8￱ use heavy computing power to validate Bitcoin transactions and earn coins in ￰9￱ process burns through a lot of electricity, so scale ￰10￱ kind of industrial-grade setup in Texas shows exactly where Bitmain’s loyalty now ￰11￱ Trump turns Bitcoin Asia into campaign ground The crowd came for mining news, but they got politics ￰12￱ Trump stepped into the spotlight on Friday, taking the stage alongside crypto adviser David Bailey, and they certainly didn’t come to play quiet ￰13￱ predicted Bitcoin would hit $1 million in the next few ￰14￱ also credited David for “converting” his father, and then laid out how his family sees crypto as a geopolitical tool, not just some financial ￰15￱ said one of Donald Trump’s first moves when he returned to office was an executive order supporting dollar-based stablecoins , describing it as a direct play to protect the U.

S. dollar’s dominance against ￰16￱ also said , “China is still a hell of a power in crypto,” even though the government banned most token trading back in ￰17￱ acknowledged that countries in the Middle East are picking up speed, but added, “I really do believe the US right now is winning the digital revolution.” That speech didn’t land smoothly with ￰18￱ Hong Kong officials, Eric Yip, a regulator, and Johnny Ng, a lawmaker, suddenly backed out of speaking at the ￰19￱ South China Morning Post reported that they were advised to stay offstage while Trump was ￰20￱ Securities and Futures Commission said Yip skipped the event for a business ￰21￱ and the Hong Kong government said ￰22￱ the awkward exits, the conference rolled ￰23￱ Inc., the Japanese firm known for stacking Bitcoin, topped the sponsor ￰24￱ Srinivasan, a former Coinbase exec, promoted his new project, a breakaway school inside Malaysia’s Forest ￰25￱ Changpeng Zhao, co-founder of Binance, made a surprise ￰26￱ of it pulled attention away from the ￰27￱ even ￰28￱ most chaotic moment of the entire week came when Eric Trump raised his fist onstage, fired shots at banks that allegedly cut off his family’s access, and shouted out the entire Bitcoin ￰29￱ ended it with a line that got the loudest cheers of the night: “The Bitcoin community embraced my father unlike anything I have ever seen before.” From tech deals to campaign speeches, Bitcoin Asia became a loud, American-dominated event where Chinese companies built U.

S. rigs, Trump’s son preached Bitcoin policy, and the future of mining turned red, white, and blue. Don’t just read crypto ￰30￱ ￰31￱ to our newsletter. It's free .