China catches hundreds of banned crypto miners stealing electricity amid energy crisis | Business Insider India

Crypto mining machines. FEDERICO PARRA / Getty Images China found banned crypto miners siphoning electricity from public entities, Bloomberg reported Friday. The miners stole electricity as a coal shortage created an energy crunch in the country. China has uncovered hundreds of cryptocurrency miners who were stealing electricity from government agencies and other public institutions at a time when the country has struggled with a power shortage, according to a Bloomberg report on Friday . Officials in two eastern provinces – Zhejiang and Jiangsu – recently started targeting miners who were consuming resources from state-owned enterprises, government agencies, research institutions, and…