Bitcoin mining has completely recovered from China's crackdown on crypto assets that left more than half of the world's miners at a loss earlier this year.
China has long been the center of this industry, with previous estimates suggesting that 65% to 75% of the world's bitcoin mining takes place there. But after Beijing effectively kicked out the country's crypto miners in May, more than 50% of bitcoin's hashrate dropped from the global network.

Recovery can be measured by looking at hashrate, a term used to describe the computing power of all the miners on the bitcoin network. Data from blockchain.com shows that the network has completely reduced the deficit. The network hashrate is up about 113% in five months.