Bitcoin Miners In Xinjiang Ordered To Cease Operations - China.
2021-06-09 | Selina Mathew
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 9
th 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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