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Bitcoin minin
2026-07-09 22:13:13

China's Bitcoin Mining Makes Quiet Comeback, Regains Third Place Globally

Four years after its ban, China's Bitcoin mining has stealthily rebounded, capturing about 14% of global hashrate and reclaiming the No. 3 spot. Cheap power, policy softening, and rising BTC prices are driving the resurgence, with Canaan's domestic sales surging past 50%.

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China's Bitcoin Mining Makes Quiet Comeback, Regains Third Place Globally