Bitcoin mining in China rebounds, defying 2021 ban
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China's bitcoin mining market share has rebounded to 14% after a 2021 ban, with rig maker Canaan Inc's sales also showing a significant increase, potentially supporting demand and price for the cryptocurrency.
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Market impact analysis based on bullish sentiment with 70% confidence.
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المصدر الأصلي
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% share at the end of October, according to Hashrate Index, which tracks bitcoin mining activities. The resurgence in bitcoin mining, which has also been corroborated by rig maker Canaan Inc’s fast-rebounding sales in China, could act as a demand and price support for the world’s largest cryptocurrency.
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المقال الأصلي منشور بواسطة Yahoo Finance في نوفمبر 24, 2025. التحليل والرؤى المقدمة من AnalystMarkets AI.