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China Makes a Comeback in Bitcoin Mining Despite Government Ban

  • ‘Covert mining operations’ behind rise, Cambridge Center says
  • Hashrate on the network climbed to new highs after 2021 fall
Inside Bitmain Technologies Ltd.'s Bitcoin Mine
Photographer: Qilai Shen/Bloomberg

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While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite a government ban on the activity last year.