Spanish police dismantle an illegal Bitcoin mining farm, suspected of electricity fraud exceeding 860,000 euros

BTC6.44%

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.

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