China’s Bitcoin Mining Returns – A Glimpse into the Industry’s New Era

Despite a 2021 ban on Bitcoin mining, China is making a comeback in the industry. Recent data reveals that the nation has re-emerged as a major player, accounting for approximately 14% of global hash rate – the measure of network computing power. This rise is fueled by readily available cheap energy sources and expanded data center infrastructure, particularly in Xinjiang and Sichuan provinces. Notably, these areas offer attractive conditions for underground mining.