China ranks third with a 14% share in Bitcoin mining.

The Rise of Bitcoin Mining in China

China has regained approximately 14 percent of global Bitcoin mining thanks to low electricity costs and excess data center capacity in regions like Xinjiang. This situation is seen as an indication that mining activities are reviving internationally.

Increasing local miner hardware sales and softer policy signals reveal that underground mining operations have expanded despite official bans. However, during this process, the Bitcoin hash rate has reached a new historical low due to weak prices, low transaction fees, and high network difficulty. This situation continues to pressure miners' revenues.