Reports Indicate That Indonesian Police Shut Down Ten Bitcoin Mining Operations

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Last Updated on December 30, 2023 by Bitfinsider

Ten Bitcoin mining operations were purportedly shut down by Indonesian police authorities on suspicion that their operators stole electricity worth close to $1 million.

As per a recent local report, the North Sumatra Police Force executed a crackdown on a Bitcoin mining operation spanning ten locations in Indonesia. The force seized 1,134 Bitcoin mining machines, 11 meters of electrical cable, and computing equipment in the process.

Irjen Agung Setya Imam Effendi, the Chief of Police for North Sumatra, asserted that the operators of the operation had allegedly manipulated the electrical circuits that supplied power to the considerable quantity of Bitcoin mining machines.

The total loss resulting from the robbery of electricity at these ten locations, according to additional claims, is estimated to be $143.436 billion Indonesian rupiahs (approximately $935,666). This follows the life sentence of a Chinese government official who facilitated Bitcoin miners’ access to electricity.

Reportedly, the Hangzhou Intermediate People’s Court imposed a life sentence on Yi Xiao, a former vice chairman of the Jiangxi Provincial Political Consultative Conference Party Group, for abuse of power in a Bitcoin mining enterprise.

Xiao purportedly managed a Bitcoin mining enterprise with a valuation of $329 million (2.4 billion Chinese yuan) operating under the corporate entity Jiumu Group Genesis Technology between 2017 and 2021.

Together with other corporate executives, Xiao amassed more than 160,000 Bitcoin processors and, at one point, consumed 10% of the city of Fuzhou’s total electricity supply.

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