Odaily Planet Daily reports that Catalonia police in Barcelona have uncovered an illegal Bitcoin mining farm operating through unauthorized connection to a high-voltage power grid. According to Spain’s national electricity provider Endesa, the involved electricity fraud amounts to €860,643, one of the highest recorded in the region’s industrial sector over the past year. Police found 88 ASIC mining machines inside the industrial building, all directly connected to the grid via a three-phase system without meters or protection systems. A 34-year-old man has appeared in Manresa Court as a suspect on March 3. Currently, the legal proceedings only target charges of electricity fraud, and authorities are evaluating the seized equipment to determine the scope of the activities. (Criptonoticias)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Spanish police seize illegal "electricity theft" Bitcoin mining farm, involving over 860,000 euros in electricity fraud
Odaily Planet Daily reports that Catalonia police in Barcelona have uncovered an illegal Bitcoin mining farm operating through unauthorized connection to a high-voltage power grid. According to Spain’s national electricity provider Endesa, the involved electricity fraud amounts to €860,643, one of the highest recorded in the region’s industrial sector over the past year. Police found 88 ASIC mining machines inside the industrial building, all directly connected to the grid via a three-phase system without meters or protection systems. A 34-year-old man has appeared in Manresa Court as a suspect on March 3. Currently, the legal proceedings only target charges of electricity fraud, and authorities are evaluating the seized equipment to determine the scope of the activities. (Criptonoticias)