US dominates crypto ATMs installations and BTC hash rate worldwide


Despite the state and federal regulatory hurdles faced by crypto businesses in the region, the United States plays a major role in preserving bitcoin (BTC) and the crypto ecosystem. With China exiting the picture following a ban on crypto, the United States holds the top spot in terms of hash rate contribution and ATM installation worldwide.

Before cracking down on BTC mining, China historically represented over 50% of the total hash rate as of February 2021. With China out of competition, the US picked up the slack to become the largest BTC hash rate contributor – representing 37.84% of the total mining power as of January 2022.


Distribution of bitcoin mining hash rates by country from September 2019 to January 2022. Source: Statista

As shown above, Chinese miners resumed operations in September 2021. However, miners in the US continued to dominate the space, increasing their hash rate contributions from month to month.

Crypto ATM distribution by continents and countries. Source: Coin ATM Radar

Furthermore, the US has the highest number of ATM installations, accounting for approximately 88% of the total crypto ATM installations worldwide. Over 90% of the total crypto ATMs installed over the past several months are in the United States. Data from Coin ATM Radar confirms that the trend continues in July as the US saw the installation of 641 out of 710 bitcoin and crypto ATMs installed in the first 10 days of the month.

Further cementing North America’s position in the crypto ecosystem, Canada represents the second largest network of crypto ATMs after the United States. Outside the US, Spain has the highest number of crypto ATMs, 210 or 0.5% of the total active ATMs.

related: Global GPU price drops to offset falling bitcoin mining revenue

The confluence of a global chip shortage and the coronavirus pandemic caused the prices of the most important part of mining rigs – graphics processing units (GPUs) to shoot up in an instant. However, with the hash rate appreciating and declining prices below MSRPs, miners had the opportunity to buy the mining equipment of their dreams.

GPU price trends over the past year. Source: TechSpot

In May alone, GPU prices fell on average by more than 15%, additionally forcing vendors to bring down their exorbitant prices on used mining rigs in the secondary markets.