Ukraine Shuts Down Illegal Mining Farm With 150 Rigs
Authorities in Ukraine have closed down a cryptocurrency mining that was minting digital coins using electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region.
Authorities in Ukraine Seize Over 150 ASICs From Crypto Mining Farm
According to the report of Forklog, The Security of Ukraine ( SBU) has uncovered and shut down a crypto farm that was operating illegally in Chernihiv Oblast, in the north of the country.
The mining farm had 150 application-specific integrated circuit (ASICs) running on stolen electricity. They were seized by SBU agents during a search along with other auxiliary equipment. The mining hardware was installed in rented warehouses and burned energy for an estimated 3 million Ukrainian hryvnias, or almost $110,000, in just two months.
According to the law enforcement agency, the substation to which the miners were connected provides power to the ambulance service in Nizhyn, the city’s water utility company and other important facilities.
The operators of the illegal mining facility reportedly tried to hide the theft from the local power utility, installing specialized equipment allowing them to lower the meter readings. The investigation into the case continues.
