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Ex-Canaan exec blames China shutdowns for 10% Bitcoin hashrate fall

Ex-Canaan exec blames China shutdowns for 10% Bitcoin hashrate fall

2025-12-15

Ex-Canaan exec blames China shutdowns for 10% Bitcoin hashrate fall

Former Canaan co-chair Jianping Kong asserted that Bitcoin’s 10% hashrate fall in one day was caused by about 400,000 mining rigs shutting down in China’s Xinjiang region.

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