China Regains 14 % of Global Bitcoin Mining Share in Surprise Revival

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.

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