Kuwait Uncovers Over 1,000 Illegal Crypto Mining Sites
- Authorities identified more than 1,000 illegal locations with excessive electricity consumption.
- The Ministry of Interior issued a warning against Bitcoin mining operations in Kuwait.
- 100 homes in the Al-Wafra region showed electricity usage 20 times higher than typical residential levels.
- Kuwait banned cryptocurrency mining in July 2023 due to high electrical consumption concerns.
Kuwaiti authorities have uncovered over 1,000 sites involved in illegal cryptocurrency mining, with some homes consuming electricity at rates significantly above normal residential levels. This follows a nationwide ban on crypto mining enacted in July 2023 to address excessive power usage.
Source (2.6)https://hodl.press/over-1000-illegal-mining-sites-discovered-in-kuwait/?rand=24434
