- Technode has put together a nice write-up that summarizes some of the current efforts to further decentralize mining away from China. In particular, it focuses on DCG’s Foundry investment arm that is focused on expanding the North American mining presence. Geographic distribution of mining is a hotly debated topic, so this is a good article that can help you get up to speed.
- With Iran’s national currency undergoing a hyperinflation episode, some Iranian experts are hoping to use cryptocurrency mined in the country to fund automobile imports. The Iranian government has permitted mining as a way to bring in foreign capital amid US sanctions. Currently there have been no official talks, but representatives within some of Iran’s free trade zones have expressed interest in meeting with the head of the central bank to discuss this plan.
Another light news week in the mining industry: