US EditionBitcoin mining in China rebounds, defying 2021 ban
China's bitcoin mining share rose to around 14% by October 2025, driven by cheap electricity and new projects in energy-rich provinces despite the ongoing official ban.
- This past week, miners and industry data show Bitcoin mining is quietly staging a comeback in China with individual and corporate miners pushing the country to a 14% global hashrate share.
- Miners say cheap local power and surplus data-centre capacity in Xinjiang province and Sichuan province, combined with rising bitcoin prices and policy drivers, have revived projects and boosted Canaan Inc. sales this year.
- On-Chain and industry trackers estimate CryptoQuant reports 15%-20% of global bitcoin mining capacity now operates in China, while Canaan Inc., mining rig maker, said China accounted for 30.3% of its global revenues last year.
- Although mining remains officially banned in China, multiple signals suggest Beijing's approach appears to be softening, while the National Development and Reform Commission and Xinjiang government did not respond to Reuters' requests for comment.
- Investigations and past controversies show U.S. authorities have probed Bitmain over backdoors, amid concerns about hardware security and national security risks, with no official comment from Beijing this year.
20 Articles
20 Articles
Bitcoin mining in China rebounds, defying 2021 ban
Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy-rich provinces, according to miners and industry data.
Despite the ban imposed in 2021, Bitcoin mining is experiencing a strong return in China, with a global market share reaching 14% at the end of October 2025. Indeed, whether it is minor individual or companies, they are many to exploit cheap electricity in areas like Xinjiang. L的article Bitcoin mining is taking over discreetly in China despite the ban appeared first on Cryptoast.
China Quietly Rebuilds Its Bitcoin Mining Industry Despite 2021 Ban
Why Is Bitcoin Mining Returning to China After a Nationwide Ban? Bitcoin mining is quietly resurging in China four years after Beijing banned all cryptocurrency mining and trading, according to miners and industry data. Despite the sweeping 2021 crackdown, individual operators and corporate entities are increasingly tapping cheap electricity and surplus computing capacity in energy-rich provinces. China, once the world’s dominant mining hub, saw…
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