Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Bitcoin (BTC-USD) mining is quietly making a comeback in China, four years after the government officially outlawed it. Both independent miners and corporate operations have found ways to capitalize on low-cost electricity and the rapid expansion of data centers in certain energy-rich regions, according to people in the industry and available data.
Before the 2021 ban—introduced over financial stability concerns and energy-use issues—China was the world’s largest hub for crypto mining. The crackdown pushed its global mining share down to zero. But by the end of October, China had climbed back to the third-largest spot, reclaiming about 14% of the global market, based on data from the Hashrate Index.
This renewed activity is also reflected in the strong recovery of mining rig sales from China-based manufacturer Canaan Inc. The revival could potentially support both demand and price stability for Bitcoin worldwide.
One miner, Wang from Xinjiang, said he restarted operations late last year. The region’s abundant, and often stranded, electricity makes it attractive. *“A lot of Xinjiang’s energy can’t be transmitted elsewhere, so crypto mining becomes a way to use it,”* Wang explained. *“New mining sites are being built. All I can say is miners go wherever power is cheap.”*
The National Development and Reform Commission—the agency that issued the original ban—and Xinjiang’s local government did not respond to Reuters’ requests for comment.
China’s quiet return to Bitcoin mining isn’t surprising. Whenever there’s abundant cheap energy, mining tends to find a way back—even in countries with strict bans. It also shows that crypto regulations can be difficult to enforce at scale, especially when local economics create strong incentives. If the trend continues, China may once again become a major force in the mining ecosystem, even if unofficially.