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, 23rd March 2026 — Hong Kong Web3 Festival 2026 is honored to welcome KBW2026 as a Secondary Exhibition Sponsor.
Korea Blockchain Week kicks off in Seoul from Sep 29 to Oct 1, gathering the global Web3 community for a week of insights, tech, and collaboration. Join the global industry leaders in Seoul: https://koreablockchainweek.com
Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.
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.
Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and 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.
Featured speakers include:
Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region
Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission
Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
Lennix Lai, Chief Commercial Officer, OKX Global
Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
Lily Liu, President, Solana Foundation
Joseph Chalom, CEO, Sharplink
Francis B. Zhou, CEO, Quantum Solutions
Abdelhamid Bizid, Managing Director, BlackRock
Phil Kang, CEO, ZR Financial Group
Yat Siu, Co-Founder and Chairman, Animoca Brands
Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development
DIAO Zhihai, Head of International Business of Wealth Management, CICC
Chris Lee, Vice President, ETF China Asset Management (Hong Kong)
Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital
David Lee, Chairman, Global FinTech Institute
Min Lin, Managing Director, Head of Global Business Development at Ondo Finance
Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026
Hong Kong, 23rd March 2026 — Hong Kong Web3 Festival 2026 is honored to welcome Aspire as a Secondary Exhibition Sponsor.
Aspire is an all-in-one finance platform for modern businesses globally. More information: https://aspireapp.com
Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.
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.
Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and 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.
Featured speakers include:
Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region
Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission
Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
Lennix Lai, Chief Commercial Officer, OKX Global
Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
Lily Liu, President, Solana Foundation
Joseph Chalom, CEO, Sharplink
Francis B. Zhou, CEO, Quantum Solutions
Abdelhamid Bizid, Managing Director, BlackRock
Phil Kang, CEO, ZR Financial Group
Yat Siu, Co-Founder and Chairman, Animoca Brands
Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development
DIAO Zhihai, Head of International Business of Wealth Management, CICC
Chris Lee, Vice President, ETF China Asset Management (Hong Kong)
Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital
David Lee, Chairman, Global FinTech Institute
Min Lin, Managing Director, Head of Global Business Development at Ondo Finance
Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026
Hong Kong, 23rd March 2026 — Hong Kong Web3 Festival 2026 is honored to welcome VeZoom as a Gold Sponsor.
VeZoom is the first Web3 meeting platform built on DePIN. With Ve-Box hardware nodes and a distributed architecture, it delivers true decentralization, user sovereignty, and shared value. More: https://vezoom.ai
The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.
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.
Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and 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.
Featured speakers include:
Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region
Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission
Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
Lennix Lai, Chief Commercial Officer, OKX Global
Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
Lily Liu, President, Solana Foundation
Joseph Chalom, CEO, Sharplink
Francis B. Zhou, CEO, Quantum Solutions
Abdelhamid Bizid, Managing Director, BlackRock
Phil Kang, CEO, ZR Financial Group
Yat Siu, Co-Founder and Chairman, Animoca Brands
Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development
DIAO Zhihai, Head of International Business of Wealth Management, CICC
Chris Lee, Vice President, ETF China Asset Management (Hong Kong)
Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital
David Lee, Chairman, Global FinTech Institute
Min Lin, Managing Director, Head of Global Business Development at Ondo Finance
……
Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026
KBW2026 Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026
Aspire Confirms Official Participation at Hong Kong Web3 Festival 2026
VeZoom Joins Hong Kong Web3 Festival 2026 as Gold Sponsor
SoonTech Confirms Participation at Hong Kong Web3 Festival 2026
ENI Announced as Primary Exhibition Sponsor at Hong Kong Web3 Festival 2026
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