But it is good to know that Vancouver is not in China but in Canada. China remain the second in having more miners after United States since the bitcoin mining crackdown in China some years ago. But many miners moved to Kazakhstan which is the third on the list since that time.

i would not doubt that anything crypto related projects are restricted and prohibited in China but the image says Vancouver which is a city in Canada

as far as I know, cryptocurrencies are legal in Canada so I am guessing that they are only targeting mixers specifically despite being quite accepting of crypto or at least more accepting compared to China

it would make sense to relocate to US and i am sure that this is one of the benefits the US has expected when they decided to welcome crypto to their government many if not most crypto enthusiasts will pack their bags and operate on US soil instead fulfilling their dream of becoming the bitcoin capital

China bans and crackdowns is the gold standard of proving Bitcoin to be UNTOUCHABLE by any government or bank time and time again.

December 2013 - China bans banks from handling Bitcoin transactions.
June 2019 - Access to domestic and foreign crypto-exchanges were banned.
May 2021 - Institutions/companies were banned from providing cryptocurrency-related services.
June 2021 - Banks/payment platforms banned from facilitating crypto transactions and mining activities.
September 2021- China declares cryptocurrency transactions illegal.

January 2025: China accounts for about 21% of the global hashrate.


Thank you China, for making Bitcoin hodlers/miners feel safe.

As far as I can tell neither the company (HIVE Digital) nor the location of it (Vancouver, Canada) had anything to do with China and yet the title mentions China!

BTW this is a hasty decision in my opinion. The president elect has not yet taken office and the regulations he will enforce on bitcoin businesses is completely unknown. This is an even riskier move when you consider how radical and unpredictable Trump is!

What is the source of this information? It looks like fake news arranged by an unskilled and uninformed individual. How will miners start moving the the US while they have not seen a single policy document on Bitcoin mining from the incoming administration. It takes so much money to relocate a business which will lead to great loss if not well planned. Miners will certainly move to any country that has the facilities, low tax and flexible policies. But it will be wrong to relocate a country without knowing the direction of its policies.


The problem is not about the legality of Bitcoin in a locality. It could be legal but regulatory laws might be too stringent. Government might also increase that the business will become unprofitable. Which might force these miners to flee.