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21 June 2021

Bitcoin Miners in Xinjiang’s Largest Tech Park Ordered to Shut Down

Bitcoin Miners in Xinjiang’s Largest Tech Park Ordered to Shut Down


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Bitcoin Miners in Xinjiang's Largest Tech Park Ordered to Shut Down.

Officials in Zhundong, acting on orders from the Changji prefecture government in Xinjiang, were instructed to shut down Bitcoin and cryptocurrency mining operations in the Zhundong Economic Technological Development Park by 2 PM China Time on Wednesday, June 9.

Because of the abundance of cheap fossil energy, the site housed some of the world’s largest Bitcoin mining operations.

The Bitcoin network is powered by specialized nodes called miners that channel computing power.

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