600 Powerful Bitcoin-Mining Computers Worth $2 Million Stolen In Iceland

Haythem Elmir
Around 600 powerful devices specifically designed for mining bitcoin and other cryptocurrencies have been stolen from Icelandic data centers in what has been dubbed the « Big Bitcoin Heist. »

To make a profit, so far criminals have hacked cryptocurrency exchanges, spread mining malware, and ransomware—and even kidnapped cryptocurrency investors for ransom and tried to rob a bitcoin exchange, but now the greed has reached another level.

The powerful computers are estimated to be worth around $2 million, Associated Press reports, and are used to generate cryptocurrency that at the time of this writing are worth $11,500 each.

The theft, which took place between late December and early January, is one of the biggest series of robberies Iceland has ever experienced, according to law enforcement.

« This is grand theft on a scale unseen before, » said Police Commissioner Olafur Helgi Kjartansson of the southwestern Reykjanes peninsula.

There were four different burglaries (three in December and one in January) in total that took place at various locations, two of which went down on the southwestern Reykjanes peninsula.

The thefts, which also included burglary of 600 graphics cards, 100 processors, 100 power supplies, 100 motherboards and 100 sets of computer memory, were captured on CCTV cameras by Advania, the server company reportedly hit by two of the three thefts.

Although the stolen computers have not yet been found, police arrested 11 suspects as part of the investigation of the incident, one of whom worked as a security guard.

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