<h4>Quick Take</h4> <ul> <li><span style="font-weight: 400;">Xinjiang said to have shut down nearly two gigawatts of coal-based bitcoin miners.</span></li> <li>Sichuan has also ordered some miners to shut down.</li> <li>The global environmental implications for the bitcoin network depend on where China&#8217;s miners decide to move.</li> </ul>