Research institute: A large number of Bitcoin mines have left China, and currently 80% of China's mines are concentrated in Sichuan

According to a Bitcoin mining report released by crypto asset research company CoinShares, a large number of Bitcoin mines have left China and moved to Scandinavia, Russia, Canada and the United States, looking for places with cheap electricity, abundant power supply, friendly regulatory policies, fast Internet access and cold weather to set up mines. CoinShares estimates that less than 60% of mines are still operating in China, 80% of which are operating in Sichuan, and the rest are scattered in Yunnan, Guizhou, Tibet, Xinjiang, western Inner Mongolia and Heilongjiang.