Major Bitcoin Mining Heist in Iceland – Eleven Arrested

[kreslik.news]

More than 600 cryptocurrency mining devices have been stolen in Iceland in what local police are calling a “highly organized crime”, according to The Associated Press.

The robberies took place in data centres in Reykjanesbær and Borgarbyggð, according to Iceland Monitor, and eleven people have been arrested so far. The devices, as yet not recovered, are worth almost 2 million USD.

“This is a grand theft on a scale unseen before,” said Reykjanes police chief Olafur Helgi Kjartansson.

Bitcoin mining is booming in Iceland due to cheap electricity and a cold climate (the cold increases the efficiency of mining computers that tend to ... (read more)