Bitcoin Mining Resurgence in China Amidst Official Ban

Despite a strict ban four years ago, Bitcoin mining is quietly experiencing a comeback in China. Miners are taking advantage of abundant energy and unused computing capacity in provinces across the country to restart operations. 4 years after Beijing’s ban on crypto mining, China’s share of global mining has climbed back to 14%, solidifying its position as the third largest hub. This quiet resurgence is attributed to miners seeking profitable opportunities amidst readily available cheap electricity and unused data centers.