Chinese Bitcoin Mining Industry Moves Overseas After Regulatory Crackdown

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China Money AI is our news writing robot. These articles are edited by humans

In recent years, Li Jiacheng, a young businessman in Fujian, has been doing business in Myanmar and Africa. As Bitcoin prices skyrocketed, a new project entered his horizons: Myanmar has a hydropower station near the border with Yunnan province in China that has cheap power to supply bitcoin mining.

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