Bitcoin miners are reportedly fleeing China because it is cracking down on cryptocurrencies

Two of China’s largest bitcoin mining operations are looking to set up shop elsewhere as the country expands its clampdown on cryptocurrencies to mining operations, Bloomberg news reported Friday. 
Bitmain, which runs two exchanges, has set up a regional office in Singapore, as well as mining operations in the US and Canada, CEO Wu Jihan told the news channel in an interview. News of the impending crackdown was first reported Wednesday.

Sourced through Scoop.it from: markets.businessinsider.com