Crushing The Miners

Getting your Trinity Audio player ready...


Oh this is painful to watch. A steamroller in Malaysia destroyed 1,069 bitcoin mining rigs that were laid out for doom in a parking lot.

The government seized these machines in a crackdown after the local power company reported that they were illegally siphoning electricity from the grid. Crypto mines are power-intensive and authorities say that these had stolen over $2 million worth of electricity.

The destroyed equipment was worth about $1.26 million. Why didn’t the government sell that equipment? A court order said that they couldn’t. What a waste and an environmental hazard!

Share this article

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top