Insider: Around 400,000 Bitcoin Mining Machines in China's Xinjiang Shut Down Recently

BlockBeats News, December 15th, Kong Jianping, former Co-Chairman of Canaan Inc., now Founder and Chairman of Nano Labs, quoted his previous tweet "Xinjiang Bitcoin mining farms are gradually shutting down", stating that, considering the recent decline in Bitcoin's hash rate, based on an average of 250T per machine, at least 400,000 Bitcoin mining machines have been shut down recently.

Previous reports indicated that, according to F2pool data, the Bitcoin network's total hash rate is currently reported at 988.49EH/s, down 17.25% from the same time last week.

Of note, in November, foreign media reported that Bitcoin mining activities in Xinjiang, China, and other places were active again. By the end of October 2025, China's Bitcoin mining hash rate share had rebounded to around 14% (the world's third largest). Subsequently, on the 28th, the People's Bank of China led thirteen departments in deploying a special campaign to crack down on virtual currency trading speculation.