Despite a nationwide ban on cryptocurrency mining in 2021, Bitcoin mining in China has quietly rebounded, with energy‑rich provinces and surplus data‑centre infrastructure driving the resurgence, Reuters reported on Monday.
n Data from the Hashrate Index indicates China has reclaimed around 14 % of global Bitcoin mining share as of October 2025, climbing back to third place globally.
n The revival is bolstered by cheap electricity in regions like Xinjiang and strong demand for mining rigs from Chinese buyers: one major rig‑maker, Canaan Inc., reports more than 50% of its quarterly revenue now comes from China, up from 2.8% in 2022.
n Although the mining ban remains officially in place, weak enforcement and shifting policy signals suggest China may be tolerating the underground revival — highlighting the difficulty of curbing entrenched crypto activity when economic incentives are strong.