Chinese government tightened regulatory hurdles against Bitcoin mining activities within the country. Bitcoin mining web platforms in Sichuan Province were deactivated and lost their abilities for further mining transactions due to intensified law enforcement. Some companies even stopped their facilities before the de-energizing.
Moreover, twenty-six companies were published and named as crypto mining entities.
So, local financial authorities requested a total halt to BTC mining activities, urging local electricity firms to stop mining transactions without any further supply by Sunday and report their results by the end of this workweek.
