According to recent estimates, China accounted for about 14% of Bitcoin’s global hashrate at the end of 2025, up slightly from about 13% in the previous quarter. According to the report, this share is estimated to amount to approximately 145 EH/s of computing power associated with China’s influence.
According to the Q4 2025 update of Luxor’s Global Hashrate Map, these figures place China behind the other two major contributors and mark its return to a significant role after a sharp decline following policy moves in 2021.
Hardware and Supply Chain
The report found that most of the world’s mining equipment is manufactured by Chinese companies. Bitmain, MicroBT, and Canaan are still listed as major manufacturers. The country’s control over the supply chain remains strong, as miners around the world use its equipment.
Equipment origin, spare parts and technical know-how often trace back to China, which is one of the reasons why Chinese influence is noticeable even when machines are operated abroad.
Source: Luxor
League operating location changes after 2021 ban
In 2021, China ordered a major crackdown on cryptocurrency mining and exchanges. Many large businesses have left for places like Kazakhstan or the United States.
Some groups moved quickly. Others divide their fleets across borders. Some businesses reportedly continued in China in a hidden form or were run by owners using overseas subsidiaries. The mix of visible relocation and hidden activity makes it more difficult to determine exact occupancy rates.
As of today, the market cap of cryptocurrencies stood at $3.71 trillion. Chart: TradingView
Ownership and Hidden Activities
According to the report, when hardware provenance and ownership are calculated together, 55% to 65% of global mining capacity can be traced back to Chinese roots.
Early data for 2022 puts China at nearly 21% by some measures, showing how estimates vary depending on method and timing. Hashrate snapshots vary based on factors such as IP allocation, pool membership, and reported ownership.
As a result, different groups generate different national shares and the figures should be viewed as snapshots rather than fixed totals.
Energy patterns and security issues
Hydroelectric power in Sichuan Province and coal in the north once helped keep the prices of Chinese mines down. These energy factors have shaped the ancient landscape of mining in China.
Many rigs are now moving, the energy mix has changed and emissions footprints vary depending on the host country.
Featured image from Pixabay, chart from TradingView
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