In China, bitcoin mining moguls are scrambling to survive

In China, bitcoin mining moguls are scrambling to survive

Mr Gao tells me, “Just because something is not illegal in China, doesn’t make it legal.” He takes a slight pause, a short breath, before leaning emphasis on the final word. Mr Gao is a bitcoin miner, with a few thousand mining rigs of his own, and facilities that he leases out to others.