Key Notes

The USA leads global hashrate at 37.75% while Russia holds second place at 15.51%, with China trailing as the third-largest mining hub.

Bitcoin mining machine maker Canaan generated 30.3% of its 2024 global revenues from China, up from 2.8% in 2022 following the crackdown.

Hong Kong's stablecoin bill took effect in August 2025 while Beijing considers yuan-backed stablecoins for global currency adoption.

Bitcoin BTC $86 173 24h volatility: 0.3% Market cap: $1.72 T Vol. 24h: $69.93 B mining is quietly staging a comeback in China four years after Beijing banned all cryptocurrency mining, with the country reclaiming a 14% share of global hashrate and ranking third worldwide as of late October.

The resurgence comes despite the 2021 ban remaining offi

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