China Hydro Plants House Bitcoin Mining Farms

CHENGDU

Government authorities in China’s Sichuan province are reportedly probing into local bitcoin mining farms that have allegedly been constructed without official approval. The Economic and Information Bureau in Garze – a mountainous area with abundant water resources – has formed a committee with other agencies to probe into the illegal construction issue. The issue at hand is that bitcoin mining farms were found being built at hydropower stations along the Dadu river in northwestern Sichuan to make the most of the cheap electricity in the area, but did not obtain authorization for construction beforehand.

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