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Hydropower plant in China’s Hubei province fined for powering crypto mining

·1 min read

Chinese authorities have fined a hydropower plant in Central China’s Hubei province 43,493 yuan (US$6,528) for “illegally supplying electricity to virtual currency mining operations,” as the country continues to crack down on cryptocurrency operations.

See related article: Beijing banned crypto mining, so China miners went underground

Fast facts

See related article: China banned Bitcoin mining and became world’s No.2 Bitcoin miner