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Bitcoin Computers Stolen in Iceland May Have Been Found in China

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Bitcoin Computers Stolen in Iceland May Have Been Found in China

Bitcoin Mining

Photo: A screenshot from RÚV.

Icelandic police and Interpol have sent an inquiry to Chinese authorities regarding 600 Bitcoin-mining computers that were confiscated by police in Tianjin, RÚV reports. This is the same number of Bitcoin-mining computers that were stolen from three Icelandic data centers in December and January. It is also suspected that Sindri Þór Stefánsson, the prisoner who recently escaped from prison and fled abroad, had a hand in their robbery.

The computers were discovered along with eight high-powered fans in Tianjin when the local power grid reported abnormally high electricity usage in their area. According to the Chinese news outlet Xinhuanet.com, “[a]n investigation found that the junction box of the suspected power user's electricity meter had been short-circuited -- a typical way to avoid billing.” It’s estimated that the monthly charge for 600 such computers would come to “hundreds of thousands of yuan (1 U.S. dollar is worth 6.3 yuan)” making this “the largest power theft case in recent years.”

In China, five people are under investigation and one other has been detained in conjunction with the matter. Sindri Þór, who was recently arrested in Amsterdam, is scheduled to be sent back to Iceland on Friday.

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