Bitcoin ($BTC) hashrate remained almost dominated by the top three countries in the first quarter of 2026.
According to a report, during the first three months of this year, the United States, Russia, and China controlled approximately 68% of the recorded global Bitcoin hashrate. coin sharea crypto asset investment management company. The US held the largest share at about 38%, Russia at 17%, while China controlled 13% of the world. $BTC Mining power from January to March.
The report highlighted that the United States had gained about 2% of the world’s share. $BTC Hashrate Quarterly (QoQ). Similarly, Russia added about the same amount as the US in the first quarter, but China’s market share fell by about 3% quarter-on-quarter.
As of March, three new countries have entered the race to dominate the global Bitcoin hashrate, including Paraguay, Ethiopia, and Oman.
Bitcoin hash rate in top countries increases due to clear regulations
Clear mining regulations were the main reason why the US and Russia led China in Bitcoin hash rate in the first quarter. Under President Donald Trump, US institutional investors, led by Mara Holdings (MARA), $BTC Mining work.
Earlier this week, several US senators, led by Cynthia Lummis, introduced the Mining in America Act, which aims to provide a clearer legal framework and support for the US cryptocurrency mining industry. In Russia, the government has announced several crypto mining regulations, including a recent Duma oblast bill criminalizing unlicensed crypto mining operations, suggesting a stricter approach.
Meanwhile, in China, regulators have maintained and strengthened a blanket ban on crypto activity over the years, and most recently in Q1 2026. This regulatory stance prohibits trading, issuance, and mining, resulting in a ban on trade in most areas of the country. $BTC Illegal mining activities.
