The Migration of China Miners
summary
More than 95% of Chinese rigs go offline by July 5 as internet big‑data tracking, power‑consumption monitoring and bank transaction flags lead to network cuts, site inspections and account freezes; claim predicts >99% offline soon. Large farms that use clean hydropower are abandoned or discharged, wasting electricity when shut down. Miners target Kazakhstan, the US and Canada but face logistics, fraud and tax risk plus a massive 5–8 GW relocation power gap, and many sellers list rigs below market via BBC mining services.
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