Bitcoin mining is making a quiet comeback in China following the 2021 nationwide ban. According to Hashrate Index data, China's share of global hashrate has rebounded to approximately 14%, ranking third worldwide. Regions like Xinjiang and Sichuan, known for low electricity costs and surplus energy, are seeing a resurgence of both individual and corporate miners deploying computing power. Several new projects are reportedly under construction, with miners emphasizing the importance of cheap electricity for operations. CryptoQuant estimates that currently, about 15% to 20% of the global Bitcoin hashrate originates from China, highlighting the country's significant role in the cryptocurrency mining landscape despite regulatory challenges.