Asia-Pacific Emerges as a Force in Bitcoin Mining
The Asia-Pacific (APAC) region is strengthening its position in the global bitcoin mining industry. New projects are boosting renewable energy use, while policy uncertainty continues to shape the sector's evolution.
Regional Growth Fueled by Renewables and Innovation
In July 2025, Bhutan increased its hydropower mining capacity to over 1,200MW, aiming to become a key renewable mining hub. In Abu Dhabi, Marathon Digital and Zero Two launched a 200MW immersion-cooled facility, integrating flare gas to maintain efficiency in extreme climates. Australia-based Iris Energy recently reported 50 exahashes per second (EH/s), matching growth seen among Western counterparts.
- China, despite its 2021 mining ban, remains opaque. Underground operations, mostly in Sichuan, still use hydropower assets. Experts estimate China holds more than 21% of global hashrate, complicating market transparency.
- Japan faces high electricity costs, limiting local mining. Companies such as SBI Crypto operate overseas at renewable-powered sites. Domestically, high-energy data and AI centers overlap with infrastructure used by bitcoin miners.
- South Korea is considering bitcoin mining as a grid-balancing tool. Research suggests that mining could help monetize surplus electricity, potentially improving the financial health of utilities like KEPCO.
Shifting Narratives and Capital Dynamics
APAC miners are adopting new business models that emphasize environmental sustainability and operational transparency. Bhutan's ongoing investments target ESG-conscious investors, while the UAE and Australia leverage diverse energy sources to attract capital and lower operational costs. Japan and South Korea explore grid integration, viewing mining as a support for power system stability.
However, regulatory unpredictability remains a challenge. Fragmented policies, especially in China and emerging markets, add risk for institutional investors seeking transparency and predictable returns. Industry reports highlight the pressing need for clear regional reporting standards as global competition intensifies.
Outlook: Toward Parity with Western Miners
Looking ahead to 2026, analysts project APAC miners could approach their Western peers in market share and operational standards if they continue to upgrade technology, integrate renewables, and improve disclosures. Success will depend on bridging policy gaps and aligning operations with investor expectations on sustainability and transparency.
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