crypto mining
Bulletins

Another Chinese provincial government crackdown​ on crypto mining

Aerial view of a Huawei data center.

Aerial view of a Huawei data center.

Photo: Wu Dongjun/VCG via Getty Images

Inner Mongolia, a landlocked Mongolic autonomous region in China that was once a crypto mining hub, has doubled down on its ban on crypto mining operations.

On Tuesday, the Inner Mongolia Development and Reform Commission announced the launch of a platform that allows the public to report illegal crypto mining.

The autonomous region's government encourages the public to send tips via phone, email or mail about crypto mining companies, some of which are "disguised as data centers" that enjoy preferential taxation policies and reduced land and electricity prices.

Inner Mongolia is known for cheap electricity supplies and accounts for 8% of the global bitcoin mining, according to the Cambridge Centre for Alternative Finance. In late February, the region spelled out its plans to curb the growth of energy-sucking data centers in a proposed five-year plan. It had pledged to close all crypto mining centers by April.

Shen Lu

Shen Lu is a former Protocol reporter, covering China's tech industry.

crypto mining
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Bulletins