Press "Enter" to skip to content

CHECK THE WIRE 24/7 FOR REAL-TIME UPDATES

Beijing authorities start check on data centre operators’ involvement in cryptocurrency mining

China's capital city of Beijing has started a check on data centre providers' involvement in cryptocurrency mining, a power-intensive operation that could undermine the nation’s efforts to reduce emissions.

The Beijing Municipal Bureau of Economy and Information Technology issued an “emergency notice” on Tuesday, requiring data centre operators to report their involvement in cryptocurrency mining business, power consumption by these companies in the past year and its percentage amount to the total power consumed . . .

To continue reading, please subscribe. What will you get?

  • ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES
  • THE WIRE - Walk you through every trading day in mainland China and Hong Kong.

     Real-time experience -  Up-to-the-minute updates of market-moving news and views.

     All-in-one platform - Information collected via a network of journalists, traders, brokers,               analysts, etc. and from multiple credible news outlets in mainland China.

     Details - General information is everywhere, but information with details is rare.

  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

 

Already have an account? Sign In

 

 

Top