3 weeks ago

600 Powerful Bitcoin-Mining Computers Worth $2 Million Stolen In Iceland

Bitcoin-Mining Computers

Around 600 powerful devices specifically designed for mining bitcoin along with various other cryptocurrencies have been stolen through Icelandic data centers in what has been dubbed the “Big Bitcoin Heist.”

To make a profit, so far criminals have hacked cryptocurrency exchanges, spread mining malware, along with ransomware—along with even kidnapped cryptocurrency investors for ransom along with tried to rob a bitcoin exchange, however at This specific point the greed has reached another level.

The powerful computers are estimated to be worth around $2 million, Associated Press reports, along with are used to generate cryptocurrency of which at the time of This specific writing are worth $11,500 each.

The theft, which took place between late December along with early January, will be one of the biggest series of robberies Iceland has ever experienced, according to law enforcement.

“This specific will be grand theft on a scale unseen before,” said Police Commissioner Olafur Helgi Kjartansson of the southwestern Reykjanes peninsula.

There were four different burglaries (three in December along with one in January) in total of which took place at various locations, two of which went down on the southwestern Reykjanes peninsula.

The thefts, which also included burglary of 600 graphics cards, 100 processors, 100 power supplies, 100 motherboards along with 100 sets of computer memory, were captured on CCTV cameras by Advania, the server company reportedly hit by two of the three thefts.

Although the stolen computers have not yet been found, police arrested 11 suspects as part of the investigation of the incident, one of whom worked as a security guard.

On Friday, the Reykjanes District Court expressed restraint, releasing nine people on bail along with leaving only two people under arrest.

Iceland will be home to the data centers of several the cryptocurrency mining companies because the mining process will be extremely energy-intensive, along with renewable energy will be cheap there. Almost 100 percent of the power generated from the country comes through renewable sources.

The police are currently tracking high energy consumption areas across Iceland in hopes the thieves will turn the stolen servers on, which could potentially lead them back to the stolen servers’ location.

The authorities are also contacting internet service providers (ISPs), electricians along with storage units, asking them to report any sudden spike in power usage or various other signs the stolen servers had been reconnected.

The police have currently held off through telling the public about the incident for a while, in order not to compromise their investigation.

Article Categories:
Security Hacks

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