The theft of hundreds of digital currency miners in Iceland has led to a series of arrests. 600 miners were stolen during four separate incidents in December and January.
Eleven people have been arrested in connection with the investigation. Two of those arrested remain in custody. Officials in Iceland reportedly said the scheme to steal the machines, which are worth close to $2 million, is the biggest in the island nation’s history. Police commissioner, Olafur Kjartansson, said “…everything points to this being a highly organized crime”.
Iceland is famous for its bitcoin mining ecosystem, thanks to the country’s data center industry and access to geothermal energy sources. Past incidents include the theft of 165 miners from bitcoin miner BTCS at a facility in the U.S. state of North Carolina in 2016.
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