Bitcoin Mining's Quiet Comeback in China

Bitcoin mining is experiencing a quiet resurgence in China, despite a four-year ban. Miners are capitalizing on cheap electricity and data center booms in energy-rich provinces. China, once the worlds largest crypto mining country, now holds 14% of the market. This comeback is supported by increased sales of mining equipment maker Canaan Incorporated in China. The trend is driven by strong economic incentives in certain regions and could further boost bitcoins global narrative with hints of policy easing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.