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Bitcoin mining in China rebounds, defying 2021 ban
Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy-rich provinces, according to miners and industry data. China had been the world’s biggest crypto mining country until Beijing banned all cryptocurrency trading and mining in 2021, citing threats to the country’s financial stability and energy conservation. After having seen its global bitcoin mining market share slump to zero as a result of the ban, China crept back to third place with a 14 per cent share at the end of ... (full story)
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From freemalaysiatoday.com | Nov 24, 2025
Bitcoin began the week on the back foot following a prolonged selloff that has put the token on track for its worst month since 2022. After regaining some ground over the weekend, the original cryptocurrency fell as much as 2.3% to briefly dip below US$86,000 this morning, before paring losses. It was trading at US$87,986 as of 10.24am in Singapore. While ...
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