Then came the storm.
Overnight, precision crackdowns hit—on-site inspections paired with collective power cuts. On-the-ground chatter claims 400,000+ high-performance miners went offline instantly. Mine owners had no time to relocate.
Veterans summed it up bluntly: “This was a full wipeout—almost the entire force is gone.”
☀️
Then came the storm.
Overnight, precision crackdowns hit—on-site inspections paired with collective power cuts. On-the-ground chatter claims 400,000+ high-performance miners went offline instantly. Mine owners had no time to relocate.
Veterans summed it up bluntly: “This was a full wipeout—almost the entire force is gone.”
☀️ Qinghai’s “Solar Miners” Hit Hardest
Another major casualty: the “solar miners” in Qinghai. By leasing abandoned solar plants at pennies per kWh, they built a myth of 6-month ROI.
Today, those plants are sealed, rigs sit idle, and the glory days have vanished—leaving behind heavy losses.
🌍 Global Hashrate Gets Reshuffled
This clearance reshapes the global mining map. Compliant pools in the United States, Kazakhstan, and beyond are emerging as clear winners. As gray power retreats, regulated capacity gains influence
❓ The Big Questions for the Market
Is this the end of gray power—or the start of another global migration?
Will miners fully offshore into compliant operations, or keep chasing the next “electricity price lowland”?
With concentrated gray capacity receding, does a long-standing systemic risk finally ease?
