One Chinese firm is reportedly relocating to North America after the Chinese Government's new restrictions on cryptocurrencies. It plans on setting up facilities in Texas (USA) and Alberta (Canada). A few other firms have already ceased operations in China following the announcement.
https://www.notebookcheck.net/The-Bitcoin-exodus-has-begun-cryptocurrency-mining-firms-relocating-to-North-America-following-the-Chinese-Government-s-new-restrictions.541227.0.html
Hopefully, tighter regulations are introduced in North America as well. It will affect everyone in Texas if one of those mining plants starts consuming a lot of energy, since it will mean energy cost will go up.
0.1629 US$/kWh is not cheap at all. Probably in most European countries the commercial rate is far lower.
The Texas electric market is privatized fully, meaning these mining operations could secure a long term deal for power at a favorable rate. Alberta's also mostly privatized. Plus, Texas and Alberta both have far-right governments that will do anything for a dollar and don't believe in climate change. At least at the state / provincial level, there will be no government intervention in their earth-destroying enterprise.
0.18€ in Europe
And exactly how do these folks plan to set up in America? Cross the Mexico/Texas border as illegal aliens with ruck sacks full of GPUs?
And yet nobody asked the most fundamental question.
Will Crypto even continue being legal in the Us?
They are behind many countries in defining how crypto stands as a security or possibility of challenging the dollar.
With a large unknown why are people moving billion dollar industries into regions that could evaporate their business? This makes no sense.