China regains its position as the third largest bitcoin mining center with a 14% share
As of November 2025, China has regained the third position in global bitcoin mining, increasing its share to 14%. This renewed success has been attributed to the low cost of electricity and overcapacity of data centers in regions such as Xinjiang. Despite an official ban in place since 2021, underground bitcoin mining activity continues to grow, bolstered by rising demand for mining equipment and softer signals from the government.
Source Coindesk
Mining in China has resumed amid growing demand for bitcoin, even as cryptocurrency prices have fallen and transaction fees are low. However, the cost of mining remains low due to the high level of complexity in the network. Analysts believe that further efforts in the bitcoin industry will depend on the development of government policy and potential changes in legislation on stable coins, which may indicate a change in the country's public policy on cryptocurrencies.
