China’s Zhejiang Busts GPU Mining Operation in Public Facilities

China’s Zhejiang Busts GPU Mining Operation in Public Facilities
Authorities in China’s eastern Zhejiang province busted a mining operation that had set up graphics processing units in a publicly funded facility to mine bitcoin and ethereum, according to a WeChat post by the province’s Cyberspace Administration.Zhejiang launched the investigation in early September, before China’s top financial and tech watchdogs called for the gradual elimination of crypto mining. They were looking for people who were using government, Communist Party, state-owned enterprises, and research institutions’ resources to mine crypto.The operation screened 4,699 IP addresses suspected of participating in crypto mining and picked out 184 IP addresses belonging to 77 public entities.An…