Press Release
MineBest: The rising interest of Mining in North and South America
It must be apparent to everyone already that some countries are more welcoming than others when it comes to cryptocurrency regulations. Regulations are a function of the nation’s government, but there is an asymmetrical distribution of interest in cryptocurrencies from one country’s population to another. There are various reasons for this disparity in engagement. Depending on how literate the population is, the geopolitical circumstances in the region, the monetary situation of the area, friendliness of the government on blockchain/crypto regulations, and a few other factors, we can see a clear correlation on the population’s interest in cryptos.
However, when it comes to the interest in mining cryptocurrencies, factors that are contributing to a country’s interest are fewer. It generally comes down to 2 axioms: how cheap is electricity and how friendly the nation’s government is. Looking at these primary questions closely shows why there is a rising interest in crypto mining in the western hemisphere. Let us take a closer look at it.
Rising interest in cryptocurrency mining in South America
Bitcoin’s use case for protection against inflation was glaring in two of the largest South American nations, Venezuela and Argentina, both being in the top 5 countries with high inflation rates. Bitcoin along with other cryptocurrencies became popular in these countries as people scrambled to protect any value of their assets as they could when hyperinflation hit.
People living in Venezuela were troubled because of the depleted currency and situation of high inflation. But in Venezuela, the energy is free, which means only luck and capital is required, and it can be a paradise for crypto miners.
While many countries have seen growth in crypto mining this year, ultra-low utility rates and the resurgence of capital controls are helping increase gains for miners in the South American nation. Few experts think that it’s yet another instance of Argentines’ sustained capability to bend the nation’s heretical policies to their benefit. Highly subsidized power prices have also led to a mining boom in Argentina.
El Salvador became the first country to give Bitcoin legal tender status on June 9. Another Latin American country, Paraguay, has shown interest in adopting Bitcoins into its monetary ecosystem.
Rising interest in cryptocurrency mining in North America
While China remains a clear leader in Bitcoin mining hashrate share, this chart by Cambridge Centre for Alternative Finance shows that the USA is second. Some US companies believe that they can get some of the mining shares from China and the shift is accelerating.
There is evidence for this belief. Foundry, a subsidiary of Digital Currency Group (DCG), a crypto conglomerate, recently announced it would spend $100 million on mining initiatives. Foundry has quickly risen to be a top 10 mining pool.
Canada with its naturally cold climate, favorable regulatory framework, and relatively cheap electricity is good for cryptocurrency mining. Hydroelectric plants in Quebec have been especially attractive sources of energy for miners, although the industry is not exclusive to that region.
Few Chinese miners have begun shifting operations to the US and Canada to escape their home nation’s regulations and uncertainty. The influx of mining activities to these counties brings good news for employment. There are reports out already about mining companies creating jobs in rural America.
Another reason for the rising crypto mining activities in North America is the recent accelerated push towards renewable mining. Elon Musk added fuel to the Bitcoin energy debate, sparking a bearish trend in Bitcoin which it is yet to recover from. However, there is clear evidence that the miners have responded quickly to work towards the 50% renewable mining goal presented by Musk.
North America may account for 10% to 15% of the global hashrate currently, but if the trend continues, we can see it push towards 25% of the market share. However, this shift in hashrate will only be possible by world-class infrastructure providers. MineBest, a global company founded in 2017 specializing in cryptographic computing activities, provides professional hosting services for both Bitcoin and Altcoins.
Additionally, South America is an emerging market for crypto entities, over the years the communities have shown great progress in adopting crypto and mining opportunities. Taking advantage of this mega trend, MineBest is exploring opportunities to expand their presence in the LATAM region and help achieve their vision of building data center facilities in various capacities for providing professional hosting services of mining equipment in South America.
Hong Kong, 14th April 2026 — Hong Kong Web3 Festival is pleased to welcome AurumX as a Primary Exhibition Sponsor for its upcoming 2026 edition.
AurumX is building a next-generation, AI-driven institutional-grade global asset financial trading system. Explore more at https://aurumx.pro
Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.
The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.
The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:
Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of Hong Kong
Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group
Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong
Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong
Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
Vitalik Buterin, Co-Founder, Ethereum
Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury
Yi He, Co-CEO, Binance
Richard Teng, Co-CEO, Binance
Lennix Lai, Chief Commercial Officer, OKX Global
H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI
Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association
Lily Liu, President, Solana Foundation
Joseph Chalom, CEO, Sharplink
Francis B. Zhou, CEO, Quantum Solutions
Abdelhamid Bizid, Managing Director, BlackRock
Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan
Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan
Brian Mehler, CEO, Stable
Yat Siu, Co-Founder and Chairman, Animoca Brands
Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
Min Lin, Managing Director, Head of Global Business Development at Ondo Finance
Franklin Bi, General Partner, Pantera Capital
John Cahill, COO, Galaxy Digital Asia
……
And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.
Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026
Hong Kong, 14th April 2026 — Hong Kong Web3 Festival is honored to welcome PancakeSwap as a Secondary Exhibition Sponsor for its upcoming 2026 edition.
PancakeSwap is a leading decentralized exchange. Explore more at: https://pancakeswap.finance/swap
Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.
The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.
The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:
Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of Hong Kong
Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group
Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong
Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong
Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
Vitalik Buterin, Co-Founder, Ethereum
Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury
Yi He, Co-CEO, Binance
Richard Teng, Co-CEO, Binance
Lennix Lai, Chief Commercial Officer, OKX Global
H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI
Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association
Lily Liu, President, Solana Foundation
Joseph Chalom, CEO, Sharplink
Francis B. Zhou, CEO, Quantum Solutions
Abdelhamid Bizid, Managing Director, BlackRock
Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan
Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan
Brian Mehler, CEO, Stable
Yat Siu, Co-Founder and Chairman, Animoca Brands
Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
Min Lin, Managing Director, Head of Global Business Development at Ondo Finance
Franklin Bi, General Partner, Pantera Capital
John Cahill, COO, Galaxy Digital Asia
……
And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.
Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026
Press Release
Solana Company (Nasdaq: HSDT) Announced as Co-Organizer at Hong Kong Web3 Festival 2026
Hong Kong, 14th April 2026 — Hong Kong Web3 Festival 2026 is honored to have Solana Company (Nasdaq: HSDT) onboard as a Co-organizer.
Solana Company (Nasdaq: HSDT) is a listed digital asset treasury dedicated to acquiring Solana (SOL), created in partnership with Pantera and Summer Capital. Focused on maximizing SOL per share by leveraging capital markets opportunities and onchain activity, Solana Company offers public market investors optimal exposure to Solana’s secular growth. Learn more: https://solanacompany.co
Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.
The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.
The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:
Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of Hong Kong
Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group
Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong
Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong
Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
Vitalik Buterin, Co-Founder, Ethereum
Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury
Yi He, Co-CEO, Binance
Richard Teng, Co-CEO, Binance
Lennix Lai, Chief Commercial Officer, OKX Global
H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI
Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association
Lily Liu, President, Solana Foundation
Joseph Chalom, CEO, Sharplink
Francis B. Zhou, CEO, Quantum Solutions
Abdelhamid Bizid, Managing Director, BlackRock
Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan
Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan
Brian Mehler, CEO, Stable
Yat Siu, Co-Founder and Chairman, Animoca Brands
Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
Min Lin, Managing Director, Head of Global Business Development at Ondo Finance
Franklin Bi, General Partner, Pantera Capital
John Cahill, COO, Galaxy Digital Asia
……
And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.
Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026
AurumX Joins Hong Kong Web3 Festival 2026 as Primary Exhibition Sponsor
PancakeSwap Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026
Solana Company (Nasdaq: HSDT) Announced as Co-Organizer at Hong Kong Web3 Festival 2026
Anvita Announced as Platinum Sponsor at Hong Kong Web3 Festival 2026
BAXS Announced as Platinum Sponsor at Hong Kong Web3 Festival 2026
卓锐证券即将亮相香港Web3 Festival 共探币股联动新机遇
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