Where are the miners headed? This is similar to the storyline in 2021: domestic mining farms face the choice of either "moving underground to be more discreet" or "completely migrating overseas." Compliant mining pools in the US, Kazakhstan, and other regions will become the main beneficiaries.

· Long-term warning: This incident once again sounds the alarm— the Bitcoin network remains quite fragile, highly dependent on energy and policies in specific regions. Any slight change could trigger significant fluctuations in the entire network's hash rate.