Jiang Jnan Technology Co-Chairman: Recently, approximately 400,000 Bitcoin mining machines in Xinjiang, China, have been shut down.

BlockBeats News, December 15 — Kong Jianping, co-chairman of the board of directors of original Canaan Creative and now founder and chairman of Nano Labs, cited his previous tweet “Bitcoin mining farms in Xinjiang are gradually shutting down” to indicate that, combined with the recent decline in Bitcoin hash rate, at an average of 250T (hash rate per machine), at least 400,000 Bitcoin mining machines have shut down recently. Previously, according to F2pool data, the total network hash rate for Bitcoin was reported at 988.49EH/s, down 17.25% from the same time last week. Notably, foreign media reports in November indicated that Bitcoin mining activities in Xinjiang and other regions in China have become active again. By the end of October 2025, China’s share of Bitcoin mining hash rate had rebounded to about 14% (the third largest in the world). Subsequently, on the 28th, China’s central bank, led by thirteen departments, launched a special campaign to crack down on virtual currency trading and speculation.