The Yaan Municipal People’s Government issues “Implementing Opinions on the Construction of Demonstration Energy Consumption Zones to Support the Development of the Blockchain Industry.” Focusing on deepening the energy system, and reforming the full use of the city’s water resources, one of the main strategic opportunities is also the blockchain industry, and supporting this industry.
In this way, the city of Yaan wants to seize the opportunity and build zones where large data centers will be collected, so that hydropower will be drawn to the maximum.
A blockchain company that will apply for the production of energy must first register on the Sichuan platform and may subsequently carry out related transactions. The city of Yaan sees the reduction of electricity prices and the subsequent involvement of Blockchain companies as economic benefits that can increase the city’s financial flows.
According to unverified information, the Chinese city Yaan is considered a worldwide paradise for bitcoin mining, and about half of the hash power comes from this area.
Yaan is a prefecture-level city in the western part of Sichuan province, China, located just below the Tibetan Plateau.