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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Death Cross Appears on Three-Day Chart, What Could Follow? - U.Today
Bitcoin recently formed a death cross on the three-day chart, which historically precedes significant bear market declines. This pattern suggests the potential for further downward movement in the current cycle, echoing past trends since 2014.
UToday22m ago
Bitcoin and Ethereum ETFs Record Daily Outflows While Maintaining Weekly Gains
Gate News bot message, according to the March 6 update, Bitcoin ETFs recorded a daily net outflow of 1,697 BTC (valued at $116.94 million), while maintaining a 7-day net inflow of 13,014 BTC (valued at $896.69 million). Ethereum ETFs showed a daily net outflow of 3,185 ETH (valued at $6.34 million),
GateNews37m ago
$50,000 BTC in 2026: Bloomberg's Commodities Strategist Names Bitcoin "Young Bear" - U.Today
Bloomberg analyst Mike McGlone predicts a bearish outlook for Bitcoin and silver, forecasting both to decline to $50,000 and $50 per ounce, respectively. He attributes this to market mean reversion, geopolitical tensions, stock market volatility, and Bitcoin's historical ratio to silver.
UToday37m ago
