Some Xinjiang Bitcoin Miners Instructed to Shut Down: Report

Some Xinjiang Bitcoin Miners Instructed to Shut Down: Report

Some bitcoin miners in the Chinese province of Xinjiang have been ordered to cease operations as the country cracks down on crypto mining.

  • The local government of Changji in Xinjiang told miners at the Zhundong Economic Technological Development Park to stop their mining activities, according to a notice "seen and verified" by The Block.
  • Subordinate government officials in Zhundong were instructed to end all mining activities under their control by 06:00 UTC June 9.
  • The park covers 15,500 square kilometers and houses coal power plants as well as some of the largest crypto-mining facilities in China owing the high availability of coal-powered energy.
  • The instruction follows the notice by the China State Council last month calling for a crackdown on bitcoin mining.
  • Source