Despite the Crypto ban, China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs. Reportedly, Bitcoin miners in China have accounted for 21.1% of the total global BTC mining hash rate distribution as of early 2022, followed by the United States, which produces 37.8%. In 2019, China was the world's largest Bitcoin mining country, with the BTC hash rate power accounting for more than 75%