The post Bitcoin Mining News: China Reemerges World’s 3rd Largest Bitcoin Miner Despite 2021 Ban appeared on BitcoinEthereumNews.com.

Key Insights: China becomes the 3rd largest Bitcoin mining country, a major Bitcoin mining news today. Bitcoin mining rises amid the AI-driven data center boom. Canaan recorded a significant rise in Bitcoin mining rigs’ sales in China. Bitcoin price rebounded over the past few days amid Fed rate cut hopes. Bitcoin mining operations are growing silently in China despite a 2021 ban by the Chinese government. Individual and corporate miners are mining Bitcoin and other crypto amid the AI-driven data center boom. Four years ago, China dominated Bitcoin mining and operations, as well as sales of mining machines. Now, this latest development has caught the eyes of traders, suggesting that China is still focusing on its BTC mining. Big Bitcoin Mining News: China Makes a Comeback China ranks third in Bitcoin mining, accounting for about 14% global hashrate until last month, according to a Reuters report on November 24. Miners have re-emerged in low-cost, energy-surplus regions like Xinjiang and Sichuan. Hashrate Index, which tracks bitcoin mining activities, showed a rising market share. Notably, China banned all crypto trading and mining in 2021, citing threats to the country’s financial stability and energy conservation. Private miners are consuming surplus electricity for crypto mining. New mining projects are also under construction in places where electricity is cheap. Canaan Plays Crucial Role in Bitcoin Mining Resurgence Bitcoin mining rig maker Canaan recorded new domestic sales in China. China’s contribution to Canaan’s sales increased more than 50% during Q2 2025. Recently, Canaan launched its next-generation Avalon A16 series Bitcoin mining machine. The model delivers 300 TH/s at 12.8 J/TH, combining high computing power with industry-leading energy efficiency. The bitcoin mining rebound in China coincided with Bitcoin price hitting record highs in October amid crypto-friendly regulations globally. Rise in Bitcoin treasury companies. However, China has not officially relaxed…

---

Filed under: News - @ November 24, 2025 12:28 pm