News Snapshot:
China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns Godfrey Benjamin Mar 03, 2021 07:28 2 Min Read A major Bitcoin mining hub in China, Inner Mongolia, will be shutting down its extensive cryptocurrency mining operations by April of this year, and will also not be granting approvals for new mining farms to be established. Per a CNBC report on the matter, Inner Mongolia’s efforts to stop new cryptocurrency mining projects and shut down existing ones is in an effort to cut down on the energy-consuming operation. The cryptocurrency mining activities from Inner Mongolia have...
