According to a report by Reuters, China has made a notable comeback in the realm of cryptocurrency activity, reclaiming its position as the third largest hub for Bitcoin mining globally. Currently, the country accounts for approximately 14% of the total Bitcoin mining market share. This resurgence highlights a significant shift in the landscape of Bitcoin mining, underscoring China's re-emergence despite previous regulatory challenges.
source: https://www.coindesk.com/markets/2025/11/24/china-returns-as-third-largest-bitcoin-mining-hub-with-a-14-share-reuters