After years of stringent regulation, China’s Bitcoin mining industry is witnessing a comeback. The 2021 crackdown resulted in a global decline in hashing power as miners relocated operations to other countries like the US and Kazakhstan. However, this ban ultimately paved the way for the rise of Bitcoin mining elsewhere. Recent reports indicate a resurgence in China, albeit on a smaller scale compared to its previous dominance. Data from Hashrate Index suggests that China now holds around 14% of global Bitcoin mining capacity, making it the third-largest mining nation after the US and Kazakhstan. Industry trends further support this resurgence, with companies like Canaan reporting increased sales as miners return to their former markets.