Sichuan Province City Orders Crypto Miners to Shut Down for Inspection: Reports

Sichuan Province City Orders Crypto Miners to Shut Down for Inspection: Reports

Ya’an, one of the major crypto mining hubs in China’s Sichuan province, is set to shut down mining operations in the city, according to three separate local media reports. It remains unclear how long the affected mining sites will remain shut based on the reports.

“Officials from related authorities, including the city’s energy bureau and technology bureau, had a meeting and decided to crack down crypto mining operations,” Chinese crypto media PANews reported, citing an anonymous source. The meeting was held on June 17 in local time, the report said.

Local miners have received a notice that requires them to shut down their sites at 22:00 in local time (14:00 UTC on June 17) for self-inspection. It is unclear when the miners will be able to turn their mining machines back on, but another meeting is expected on Friday, according to the report.

BlockBeats, another local outlet, said all mining sites, including the hydro electricity consumption parks, are required to be closed before June 25. Some of the parks have received the notice and are expecting another official document coming out on Friday, according to BlockBeats’ report , citing unnamed miners.

A third report by Chinese crypto blogger Colin Wu said mining activities in some parts of Sichuan province have been suspended for inspection.

It remains unclear if the crackdown on crypto mining in the city will spread to other parts of Sichuan province. Ya’an is one of the province’s hydro-rich areas, where Chinese crypto miners can enjoy cheap electricity during China’s rainy season.

The move came on the heels of the crackdown on another hydro-based mining hub, Yunnan province, over the last weekend. Xinjiang, Inner Mongolia, Qinghai have also ordered mining operations to shut down.

CoinDesk has not been able to independently verify the accuracy of these reports. The Yan’an Municipal People’s Government did not respond to interview requests. An official from the Sichuan Energy Regulatory Office of the National Energy Administration was unable to confirm the crackdown notice, saying the people who may know about the notice were not immediately available.


Subscribe to get our top stories