Iceland

Iceland: Bitcoin Mining Rig Stolen in a Huge Heist for the Country

Iceland is a very clam island located between Europe and Greenland. It is home of one of the most important mining rigs in the world. Besides that, the country does not suffer from major insecurity episodes. But surprisingly, 600 bitcoin mining computers have been stolen.

Iceland’s Mining Hardware Stolen

The peace in the island has been destroyed when 600 bitcoin mining hardware devices were stolen. At the same time, 600 graphic cards, 100 processors, 100 power supplies, 100 motherboards and 100 sets of computer memory were stolen as well.

Icelandic Flag
Icelandic Flag

The suspected individuals involved in the heist were 11 Icelandic thieves which have already been arrested. Other two suspects are still in custody, but the computers have not been found by the police.

The theft occurred between December and January. The surveillance cameras installed in Advania, the server company, captured the moment when the theft occurred. Apparently, Associated Press reports that the computers stolen are worth around $2 million dollars.

As commented before, the crime was very shocking for the Icelandic community. The country has very low crime rates and such events don’t happen vey often.

Commissioner Olafur Helgi Kjartansson said:

“This is a grand theft on a scale unseen before. Everything points to this being a highly organized crime.”

Bitcoin mining hardware devices demand a lot of energy. The consumption of the individuals that use these mining rigs need to have access to lower energy prices or renewable energy sources to avoid high electricity bills at the end of the month.

According to AP reports, the police will track energy consumption across Iceland. The main intention is to check if there are individuals using these mining rigs. That would allow the police to identify possible suspects and control them closer.

Bitcoin crimes are increasing all over the world. Some weeks ago, we reported at UseTheBitcoin that the first Bitcoin crime has happened in Taiwan. Fortunately, the police officers were able to catch some of the individuals involved in the attack. A person that wanted to sell his Bitcoin was attacked by three thieves who pressed him to send them his Bitcoin.

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