After the 2021 mining ban, Bitcoin mining activity in China is suddenly making a strong comeback.

According to Hashrate Index, China has returned to the #3 spot globally, accounting for 14–20% of total Bitcoin hashrate.

Mining machine sales in China have also surged, indicating that mining operations are expanding again.

Even though the government hasn’t officially lifted the ban, their stance on crypto appears to be softening — especially as Hong Kong introduces a stablecoin regulatory framework, and China is exploring a RMB-backed stablecoin.

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