The Beijing Municipal Bureau of Economy and Information Technology sent out an emergency notice to the city’s data centers on Tuesday asking them to report any involvement in crypto mining operations, according to a document obtained by Reuters.
The probe was directed by city authorities, and recipients of the notice included the country’s three largest telecommunications operators, an official of the bureau told Reuters.
Despite China’s ban on crypto exchanges, the country remains a mining hub, contributing up to 65% of the global mining hashrate (the computing power used to mine cryptocurrencies). After a series of accidents in Southern China’s coal mines, resulting power outages caused the global bitcoin hashrate to drop dramatically, as miners in the region rely on cheap energy from coal.
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