Armed robbers looted a large crypto mining facility not far from the Russian capital, local media reported. The unidentified perpetrators stole dozens of video cards in the latest incident involving the theft of coin-minting equipment, which is on the rise in Russia.
Unknown Attackers Steal Mining Equipment From Crypto Farm In Russia
A crypto-mining farm in the village of Kuchino, near the city of Domodedovo in Moscow Oblast, was attacked by thieves, Russian outlet Bits.media reported on Wednesday. The mining facility was located in a warehouse belonging to the Vkusvill supermarket chain.
According to employees of the security company responsible for the compound, four individuals wearing masks entered the warehouse, threatened the guards with weapons and handcuffed them.
Next, the attackers took away four containers containing around 100 graphics processing units (GPUs) and other hardware used to mine digital currencies. Law enforcement authorities have estimated the value of the stolen mining equipment at around 1 million rubles (over $18,000 at the time of writing).
The perpetrators also tried to cover their tracks by stealing the storage devices containing the video recordings from the surveillance cameras. Russian police are now looking for the thieves who can face up to 12 years in prison if caught.
This is another case of theft of coin minting equipment in Russia after the operators of a mining hotel in Irkutsk went missing in June, flight mining rigs worth around $1.9 million from their customers. The number of such incidents has increased over the past few years, along with the growing popularity of mining.
Bitcoin mining is one of those crypto-related activities that have yet to be regulated in the Russian Federation. The cool climate and cheap energy resources in some parts of the country are seen as competitive advantages for the development of industry.
At the same time, Russian authorities have taken steps to limit the spread of home-based crypto mining by breeding electricity tariffs for cashing Russians with improvised installations in their basements and garages. The phenomenon has caused overconsumption and blackouts in residential areas in regions where electricity is heavily subsidized for the population.
Do you expect cases of theft of crypto-mining hardware to continue to increase in Russia? Tell us in the comments section below.
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