Mining Rig Heist In Iceland: Arrests Made But No Material Recovered

Qntra

Reports are emerging that allege 600 bitcoin mining rigs and other supporting materials were stolen from a data center in Iceland between December 2017 and January 2018 (archived). No materials have been recovered and out of 11 arrests related to the investigation, local police are only keeping two suspects in custody.

Favorable electricity prices in Iceland have set the island up to be one of the first regions where power consumption for Bitcoin mining exceeds power consumption for other purposes.

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