Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower

Ya’an, one of the many cities in China’s mountainous Sichuan province, a region that’s estimated to account for over 50 percent of Bitcoin network’s computing power, has recently issued a public guidance – likely in its first – to seize the “strategic opportunity of the blockchain sector” so that they can help consume the area’s excessive hydropower electricity.