Bitmain Confirms Halting Its Shipment of Antminers to Chinese Customers

The mining rig supplier will still ship globally.

AccessTimeIconOct 11, 2021 at 2:17 a.m. UTC
Updated May 9, 2023 at 3:27 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitmain, one of the world’s largest manufacturers of bitcoin mining machines, confirmed it will halt shipping Antminers to mainland China.

“From October 11, 2021, Antminer will stop shipping to mainland China (excluding Hong Kong and Taiwan),” according to a statement from Bitmain’s official WeChat account. The move doesn’t affect Bitmain’s overseas customers and the company said that it has increased the supply of Antbox to speed up the construction of overseas mines.

  • What's the Biggest Misconception People Have About Bitcoin Mining?
    00:39
    What's the Biggest Misconception People Have About Bitcoin Mining?
  • What You Need to Know About the Bitcoin Halving
    01:47
    What You Need to Know About the Bitcoin Halving
  • Why Bitcoin Miners Have Flocked to Texas
    07:56
    Why Bitcoin Miners Have Flocked to Texas
  • Sen. Tuberville on Bill to Block Chinese Ownership of American Crypto Companies
    13:59
    Sen. Tuberville on Bill to Block Chinese Ownership of American Crypto Companies
  • On Sept. 28 CoinDesk cited three sources who said that Bitmain was planning to suspend sales of its machines to miners in mainland China, after the sweeping ban on crypto activity imposed by the country’s government.

    China’s crackdown on the crypto industry has created an opportunity for the miners outside of the region to participate in the sector, resulting in a recovery in bitcoin network’s hashrate, or computing power, which is a key gauge of mining activity.

    Mean bitcoin hashrate has recovered from its July slump, following China-Ban. Source: Glassnode.
    Mean bitcoin hashrate has recovered from its July slump, following China-Ban. Source: Glassnode.

    The mean bitcoin hashrate has recovered more than 140% since its July lows, according to data compiled from analytics firm Glassnode.

    On Sept. 27, the world’s second-largest Ethereum mining pool, SparkPool, halted services to all of its users due to China’s ban. The move was followed by another Ethereum mining pool, BeePool.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Aoyon Ashraf

    Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about