FUD?  Who knows.

Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL.  Thus all hydro power plants are to cut off electricity supplies or face penalty.

The second image is the supposedly "official document".

As I discussed before, those miners ship their miners to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power.  Miners ship their Antminers to coal producing region like Inner Mongolia during winter as the Tibetan plateau freeze up and electricity cost doubles.  Just to note that it is almost winter now.

Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly.  So that individual miners actually have a chance to mine if profitability allows.