Mining: China And Russia Are Gaining Strength In The Bitcoin Market

Who really leads the dance in the world of bitcoin mining? The map of powers is evolving, often silently. Recently, subtle movements have been reshaping the zones of influence. Russia is climbing, China is not letting go, and the United States is losing some ground. A discreet but strategic reshuffling seems to be underway. What if the heart of the hashrate now beats elsewhere? Here are some clues coming directly from the global mining field.

The Silent Comeback: China and Russia Tighten the Bolts

In the latest global ranking of bitcoin mining, a surprise is quietly emerging. The United States, undisputed leaders until now, drop from 36.025% to 35.81% of the global hashrate. A decrease of 0.60%. In itself, nothing alarming. But behind, others are soaring.

Russia records a clear increase of 6.12%, or 150 EH/s. It rises to 16.61% of the global total. It’s more than a simple adjustment: it’s a strategy. As for China, it shows a slight but steady recovery, from 13.727% to 13.84%, reaching 125 EH/s. A stability that commands respect, especially after past restrictions.

According to the Bitcoin.com report, “Russia is rapidly rising without fanfare. Its hashrate jumps while the spotlight remains focused on America.”

And the numbers don’t lie. Behind this evolution: fewer political statements, but farms running, often out of sight.

Cheap Energy, Cold Climate: Bitcoin’s Electric Diplomacy

Bitcoin mining is not just about computation, it’s about energy geopolitics. Russia relies on its natural resources. Hydroelectricity, gas, coal: everything is good to power crypto mining farms.

Russia’s mining strength rests on its vast remote regions. They offer access to low-cost hydroelectric and gas energy. And China? Still discreet, it takes advantage of rainy seasons in provinces like Sichuan. Hydroelectric power is abundant there, and the grid is flexible enough to handle consumption peaks.

Meanwhile, the United States has to juggle with variable energy costs and changing legislation. This is what makes Russia’s and China’s strength: long-term strategies with little external dependency.

Within this logic, electricity becomes a diplomatic weapon. Farms are powered… and influence is exerted on the Bitcoin consensus.

Crypto Mining Under Surveillance: The Russian Regulatory Shift

Russia is not just mining. It supervises, monitors, and regulates. Since early 2025, the country has launched a national registry for crypto mining equipment, coupled with a strict taxation policy. Authorities, through the Ministry of Digital Affairs, the tax office, and Energy, want to track everything from consumption to declared income.

The registry aims to track crypto mining operations through their energy footprint, notes a recent analysis on the crackdown of actors in this sector.

And that’s not all: six regions are under a total mining ban until 2031. The goal? To preserve energy stability. The law also allows asset seizures and fines up to 2 million rubles for offenders.

Key Takeaways: 

• Russia now accounts for 16.61% of the hashrate, up from 15.652% two months earlier;
• China, despite restrictions, shows 125 EH/s, or 13.84% of the global total;
• The United States falls back to 35.81%, a slight decline that questions their leadership;
• Russia has a national registry to monitor and tax legal crypto mining.

While Russia locks down its mining sector, France may soon step in. In Normandy, a bitcoin mining farm project is underway. No ban on the horizon, but time will tell if the Hexagon wants to turn its dams and power plants into block factories.