Insider: Approximately 400,000 Bitcoin mining machines in Xinjiang, China, have recently been shut down

On December 15, Kong Jianping, Co-Chairman of the Board of Directors of the original Canaan Creative, now Founder and Chairman of Nano Labs, cited his previous tweet “Bitcoin mining farms in Xinjiang are gradually shutting down” to indicate that, considering 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. Prior reports, according to F2pool data, show that the total Bitcoin network hash rate is currently 988.49EH/s, down 17.25% from the same time last week. Notably, in November, foreign media reported that Bitcoin mining activities in Xinjiang and other regions in China became active again. By the end of October 2025, China’s Bitcoin mining hash rate share 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.