Seized 10,000 Mining Machines: Illegal Crypto Mining Farm in Russia’s Ural Region Causes Nearly 1 Billion Rubles in Electricity Losses
Svmuu reports: Authorities in Nizhny Tagil and the adjacent Kushva district of Russia’s Sverdlovsk Oblast have uncovered a large-scale illegal cryptocurrency mining farm. Hidden within an abandoned industrial complex, the facility housed approximately 10,000 mining machines. A joint operation involving the Russian Federal Security Service (FSB), police, and power company officials shut down the site. Local power utility estimates place the losses from the farm’s prolonged unauthorized electricity consumption at nearly 1 billion rubles (approximately $12.7 million). Law enforcement has detained three suspects, who are currently under house arrest. They are being investigated on charges of “causing property damage through deception or abuse of trust,” which carries a maximum sentence of up to five years in prison. The investigation reveals that the mining operation accessed the power grid through intermediary agencies and allegedly tampered with meter data to conceal its actual electricity usage; the farm’s real consumption was roughly double its approved capacity.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
JST (JUST) price surged to $0.11326, hitting a new 365-day high.
-
2
Aethir (ATH) Token Value Analysis: Decentralized Cloud Computing Project Potential and Risk Assessment
-
3
Standard Chartered Predicts XRP Could Reach $12.60 by 2028, Citing Unmet Catalysts
-
4
Bitcoin Trading Platforms and Mobile Apps Guide: Selection and Considerations
-
5
How will cyclical trends evolve after the Bitcoin halving?
-
6
What is WKAI? Wrapped KardiaChain (WKAI) Project Analysis and Risk Warning
-
7
HYN (Hyperion) Analysis: Decentralized Map Project Status and Market Activity Review
-
8
FIL (Filecoin) saw a trading volume of $7.06 million in the past hour, 22.9 times its 7-day average for the same period, and is currently trading at $0.9672.
-
9
FTT Token Analysis: Founder, Bankruptcy Restructuring, and Token Value Outlook
-
10
OpenAI and Morgan Stanley Launch AI Tool to Automate Junior Analyst Work
Markets Today
Recommended Reading








