Ex-Canaan exec blames China shutdowns for 10% Bitcoin hashrate fall
- Posted on December 15, 2025
- By Cointelegraph
- 3 Views
Ex-Canaan exec blames China shutdowns for 10% Bitcoin hashrate fall
Jianping Kong, a former co-chair of Canaan, said a nearly 10% decline in Bitcoin’s hashrate today stems from about 400,000 mining rigs going offline in Xinjiang, China.
