Derived from CryptoDnes, China’s Bitcoin mining industry, once thought to be crushed after the 2021 ban, has quietly rebounded to 14% of the global hashrate by late October 2025. Operating largely outside official approval, the resurgence is driven by ultra-cheap electricity in regions like Xinjiang and underutilized data centers. Despite the ongoing ban, enforcement has softened, and Hong Kong’s pro-crypto policies suggest a growing tolerance for digital assets. Hashrate Index and mining firm Canaan both confirm the return, with the latter reporting China now accounts for over half of its global revenue in Q2 2025.
China's Bitcoin Mining Rebounds to 14% of Global Hashrate Amid Regulatory Shifts
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