China's bitcoin mining share has surged to 14% by late October 2025, despite a national ban, driven by low-cost electricity and lax enforcement in certain provinces. This resurgence impacts bitcoin's network security and potential hash rate growth, suggesting possible future market stability or increase if conditions persist.
China’s bitcoin mining share has climbed to 14% of global capacity as of late 2025. This resurgence occurs despite a national ban, driven by cost advantages in energy-rich provinces.
Canaan, a top mining hardware firm, has seen revenue boost from Chinese demand. The key event marks a notable shift in regional mining trends, despite no official policy changes in country regulations.
Miners in Xinjiang Drive Bitcoin Network Security Surge
The bump in activity has bolstered bitcoin network security and elevated Chinese hardware demand. Miners benefit from low electricity costs in regions like Xinjiang, while others observe potential knock-on effects within Asia.
Reports suggest this could lead to future shifts in BTC price trends. Current data from Hashrate Index estimate that China's activities account for up to 20% of global bitcoin mining capacity, fueling market speculation.
China's Influence Resurges Post-2021 Mining Ban
China’s 2021 total shutdown caused global hashrate reductions. Recent activities have partially reversed those impacts, illustrating China’s consistent influence in the crypto mining sector.
Experts suggest the uneven enforcement of bans might signal plausible regulatory relaxation. The growing grey-market activity indicates resilience within China's crypto sector.
"Mining has surged in China mainly due to rampant availability of cheap electricity in energy-rich provinces." - Analyst, Hashrate Index