1 CONSTRUCTION OF GASHUUNSUKHAIT–GANTSMOD PORT RAILWAY BEGINS WWW.GOGO.MN PUBLISHED:2025/06/16      2 EVERYONE’S FRIEND: HOW MONGOLIA STAYS ON GOOD TERMS WITH RUSSIA, CHINA AND WESTERN POWERS WWW.IRISHTIMES.COM PUBLISHED:2025/06/16      3 RECONSTRUCTION OF KHARKHORIN CITY BEGINS WWW.MONTSAME.MN PUBLISHED:2025/06/16      4 MONGOLIA PICKS REFORMER TO LEAD CABINET AFTER FORMER PM EXITS IN SCANDAL WWW.MSN.COM PUBLISHED:2025/06/16      5 MONGOLIA'S CENTRAL BANK KEEPS BENCHMARK INTEREST RATE UNCHANGED AT 12 PCT WWW.XINHUANET.COM PUBLISHED:2025/06/16      6 KHAAN QUEST 2025 INT'L PEACEKEEPING EXERCISE KICKS OFF IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2025/06/16      7 MONGOLIA AND RUSSIA JOINTLY DEVELOP E-COMMERCE AND LOGISTICS AS FREE TRADE AGREEMENT NEARS WWW.RUSSIASPIVOTTOASIA.COM  PUBLISHED:2025/06/16      8 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      9 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      10 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      THETIMES.COM ДЭЭРХ "В.ПУТИНИЙ ХАМСААТАН ЕРӨНХИЙЛӨГЧ НЬ ЕРӨНХИЙ САЙДАА ОГЦРУУЛЛАА" ГЭСЭН НИЙТЛЭЛ ЗАХИАЛГАТ БАЙВ УУ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/16     1 М.КВ ТАЛБАЙ СҮХБААТАР ДҮҮРЭГТ ХАМГИЙН ӨНДӨР БУЮУ 5.49 САЯ ТӨГРӨГИЙН ХАНШТАЙ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/16     ШИНЭ ХАРХОРУМ ХОТЫН БҮТЭЭН БАЙГУУЛАЛТ АЛБАН ЁСООР ЭХЭЛЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/16     СЭЛБЭ ГОЛЫН ДАГУУ 21.6 КМ ҮЕРИЙН ДАЛАН, ТОХИЖИЛТ ХИЙНЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/16     ГАШУУНСУХАЙТ–ГАНЦМОД БООМТЫН БҮТЭЭН БАЙГУУЛАЛТЫН БАРИЛГЫН АЖЛЫГ ЭХЛҮҮЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/06/16     БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13    

Inner Mongolia’s closure of crypto mine operations slows since September www.forkast.news

Inner Mongolia has closed 49 cryptocurrency mining farms in total, but only four since September, according to the Inner Mongolia Daily, indicating either the process has been successful or the shutdown drive mandated by Beijing is slowing.
Fast facts
As of last September, Inner Mongolia had shut down 45 farms, state-backed newspaper Science & Technology Daily reported at the time.
Inner Mongolia, an autonomous region on the northern border of China, is rich in coal and has cheap electricity. Local crypto mining farms accounted for 8% of the global Bitcoin mining hashrate, the Cambridge Centre for Alternative Finance (CCAF) said last May.
China started clamping down crypto mining last March, and some mining farms have relocated overseas.
But China’s mining hashrate started to rise again late last year and by January it had become the second-largest Bitcoin mining hub with 21% of the global hashrate, according to CCAF.
Miners are still operating secretly in China, either scattered in rural areas or leveraging relationships with local governments to conceal their mining sites.
Bitcoin’s price has been hovering around $30,000 for a month and just hit a 16-month low of $25,000 on Monday, according to CoinGecko.
AUTHOR PROFILE
NINGWEI QIN
Ningwei is a Research Associate at Forkast. She previously worked for Caixin, Renmin Daily and CCTV. Ningwei holds a Masters degree from the University of Hong Kong.


Published Date:2022-06-13