ChainCatcher reports that according to market sources, Catalonia police in Barcelona have seized an illegal Bitcoin mining farm operating by illegally connecting to the high-voltage power grid.
According to Spain’s national electricity company Endesa, the involved electricity fraud amounts to €860,643, one of the highest recorded in the region’s industrial sector over the past year. Police found 88 ASIC mining machines inside the industrial building, directly connected to the grid via a three-phase system without meters or protection systems. Investigators pointed out that this type of connection poses serious risks of overload and fire, as well as threatening the stability of power supply to nearby businesses. A 34-year-old man suspected of involvement appeared in Manresa court on March 3. Currently, the legal proceedings are only targeting electricity fraud charges, and authorities are evaluating the seized equipment to determine the scope of the illegal activities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whales are aggressively buying Bitcoin while retail investors are sitting on the sidelines.
Bitcoin holders, particularly "whales" and "sharks," have increased their positions by 61,568 BTC over the past month, maintaining confidence amidst market volatility and geopolitical tensions. However, persistent excitement among retail investors poses a challenge for price growth. A situation is ideal for a bullish cycle when large wallets accumulate while small ones sell, indicating the market needs a psychological reset for a breakout.
TapChiBitcoin31m ago
Trump Supports Cryptocurrency: America Will Become the World's "Bitcoin Superpower"
Trump stated at the Future Investment Initiative Summit that the United States will become a global superpower in cryptocurrency, emphasizing the importance of Bitcoin and the acceleration of payment trends. He pointed out that the U.S. needs to maintain a leading position in the fields of crypto assets and financial innovation to ensure its dominance in the global financial system.
BlockBeatNews49m ago
Several banks in South Korea are deepening their cooperation with cryptocurrency exchanges, with KB Kookmin Bank renewing its contract despite an incident at a certain exchange.
South Korea’s banking industry is actively strengthening cooperation with cryptocurrency exchanges to deal with constrained loan growth and to seek new profit opportunities. Several banks have established partnerships with exchanges, despite historical incidents involving mistaken Bitcoin airdrops. Regulators plan to expand their regulatory authority, which could intensify competition among banks.
GateNews59m ago
Trump: Bitcoin is very powerful, and the U.S. must stay ahead in this trend.
Gate News report, on March 28, in Miami, Florida, President Trump stated at the Future Investment Initiative (FII) summit that Bitcoin is very powerful, and the United States must stay ahead in this trend. He emphasized that many people currently want to use virtual assets (especially Bitcoin) for payments, and the U.S. must be at the forefront of this trend.
GateNews1h ago
