Who really leads dance in the world of bitcoin mining? The map of powers evolves, often in silence. Recently, subtle movements redraw areas of influence. Russia climbs, China does not let go, and the United States loses a little ground. A discreet but strategic recomposition seems in progress. What if the heart of the hashrate now beat elsewhere? Here are some clues coming directly from the world mining field.
In short
- Russia jumped to 16.61 % of the world hashrate with a discreet but spectacular progression.
- China maintains 125 EH/S thanks to its local hydroelectricity and its resilient infrastructure.
- The United States fell to 35.81 %, impacted by energy costs and fluctuating regulations.
- Moscow is launching a compulsory register to monitor, tax and control crypto mining on its soil.
Silent raising: China and Russia tighten the bolts
In the Last global ranking of Bitcoin mininga surprise takes shape at low noise. THE UNITED STATESundisputed leaders so far, go from 36.025 % to 35.81 % of the world hashrate. A drop of 0.60 %. In itself, nothing alarming. But behind, others soar.
There Russia record a net increase of 6.12 %or 150 eh/s. She goes to 16.61 % of the world total. It's more than just adjustment: it's a strategy. As for the Chinait displays a slight but constant recovery, of 13.727 % at 13.84 %reaching the 125 eh/s. Stability that forces respect, especially after past restrictions.
According to the Bitcoin.com report“Russia climbs at full speed without fanfare. Its hashrate leaps, while the spotlights remain on America».
And the figures do not lie. Behind this evolution: fewer political declarations, but farms that turn, often out of radars.
Inexpensive energy, cold climate: electric diplomacy of bitcoin
Bitcoin's mining is not just calculation, it is energy geopolitics. Russia relies on its natural resources. Hydroelectricity, gas, coal: everything is good for powering crypto mining farms.
The mining force of the Russia Based on its vast remote regions. They offer access to a inexpensive hydroelectric and gas energy. And the China ? Always discreet, she takes advantage of rainy seasons in provinces like Sichuan. L'hydroelectricityis abundant and the network, flexible enough to tolerate consumption peaks.
Next door, the United States must juggle variable energy costs and changing legislation. This is what makes the strength of Russia and China: long -term strategieswith little external dependence.
In this logic, electricity becomes a diplomatic weapon. We feed farms… and we weigh on Bitcoin consensus.
Mining crypto under surveillance: Russian regulatory turn
Russia is not content to mine. She supervises, she watches, she regulates. Since the beginning of 2025, the country has launched a national crypto mining equipment register, coupled with a strict taxation policy. Authorities, via The Digital Ministry, the taxman and the energy, want to follow everything from consumption to the declared income.
The register aims to follow Mining Crypto operations through their energy footprint, specifies a Recent analysis on the repression of actors from this sector.
And that's not all: Six regions are under a total ban on mining until 2031. The goal? Preserve energy stability. The law also allows seizures of assets and fines of up to 2 million rubles for offenders.
The main thing to remember:
- Russia now weighs 16.61 % of the hashrate, compared to 15.652 % two months earlier;
- China, despite the restrictions, displays 125 eh/s, or 13.84 % of the world total;
- The United States fell to 35.81 %, a slight reflux which questions its leadership;
- Russia has a national register to monitor and tax legal crypto.
While Russia locks its mining sector, France, it could soon enter the scene. In Normandy, a Mining Bitcoin farm project is underway. No banishment on the horizon, but the future will say if hexagon wants to transform its dams and power plants into block factories.
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