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Chinese Crypto Miners: Story of Exodus

China, a good fit for cryptocurrency mining with cheap electricity and land available in remote areas, is now doing its best to drive cryptocurrency out of its territory after escalated government crackdown on cryptos and mining since last September. It is no longer the best place to mine.

In our serial stories tracking Chinese miners, these unwanted miners are crossing the border to find their new home with varied troubles and sufferings. Large mines move their operations overseas with Canada, the U.S., and Iceland among their top candidates, whilst most small and medium-sized ones turn to Thailand, Cambodia and Vietnam in Southeast Asia for geographical proximity, and they are looking for more places where access to cheap or close to free electricity is available, or simply, some mining investors choose to close their mining business…

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