Sichuan, a major Chinese bitcoin mining hub, due to its abundant hydroelectricity, is the latest province that has issued an order to shut down local bitcoin miners.
The Sichuan Energy Bureau and the Sichuan Development and Reformation Commission jointly issued a document on Friday to their subordinate state-owned power generators and distributors.
Based on the document that is circulating on WeChat, seen and verified by The Block, the government agencies have outlined two main measures in regards to closing down local bitcoin miners. This will have been triggered by the high-level comment on bitcoin mining brought up in the Chinese State Council’s meeting last month.
The measures will directly impact the 26 mining entities that had tried to work with the government, those that had set up in specific industrial zones and registered with the government. It will also seek to crack down on smaller mining operations that get their electricity privately from smaller power plants — unde
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