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China's Zhejiang busts GPU miners earning crypto in government agencies

From theblockcrypto.com

Zhejiang, one of several coastal Chinese provinces that have been experiencing power shortages, has launched a probe into operations that are using public resources to mine cryptocurrencies. The Zhejiang Cyberspace Administration said in a blog post on Thursday that it started an investigation last month targeting those who are mining cryptocurrencies inside government and the Communist Party agencies, state-owned enterprises as well as public high-education and research institutes. The probe has screened through nearly 4,700 IP addresses in the province that are believed to be involved in cryptocurrency mining, the ... (full story)

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  • Category: Fundamental Analysis