Bitcoin Miners In Xinjiang Ordered To Cease Operations - China.

Bitcoin Miners In Xinjiang Ordered To Cease Operations - China.

2021-06-09 | Selina Mathew

Bitcoin Miners In Xinjiang Ordered To Cease Operations - China.

Some Bitcoin [BTC, +15.25%] miners within the Chinese province of Xinjiang are ordered to cease operations as the country cracks down on cryptocurrency mining. The government of Changji in Xinjiang told miners at the Zhundong Economic-Technological Development Park to halt their mining activities, consistent with a notice "seen and verified" by The Block. Subordinate officials in Zhundong were instructed to finish all mining activities under their management by 06:00 UTC on 9th June. The park covers 15,500 square kilometers and houses coal power plants also as a number of the leading cryptocurrency mining facilities in China owing to the high availability of coal-powered energy. The instruction follows the notice by the China State Council earlier last month calling for a crackdown on bitcoin mining.

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