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Just a story
It is rumored that recently mining in Xinjiang was once again shut down
Over 200,000 units were seized
This time, it’s a complete cooling off
Reuters reports that Xinjiang mining has been operating under a ban since November
The reason is previous overinvestment in data centers
And a lack of computing power cards
No significant AI demand
So they have been secretly mining
Domestic hash rate once reached 15-20% of the global total
After the new round of crackdown by 13 domestic ministries on 1128
Mining machines were confiscated
The mined coins were poured into the market
I wonder why the market has crashed so badly this month
This time, it’s a complete cool down