Mining Company in Iceland had 600 mining servers stolen

600 powerful high performance servers specially designed for bitcoin mining. Plus 600 graphics cards, 100 processors, 100 power supplies, 100 motherboards and 100 sets of memory. All stolen by unknown thieves in Iceland!


According to the Associated Press and Visir, these are the items stolen by a coordinated gang of Icelandic robbers over the past two months. And although 11 people have allegedly been arrested and at least two of them are still in custody, none of the stolen machines have yet been found by the authorities.


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The robberies, which took place between late December and early January, were apparently picked up by surveillance cameras by Advania, the server company hit by two of the three robberies. Advania had offered its customers access to bitcoin mining rigs, and it appears that this was the type of rigs that were stolen. The Associated Press reports that stolen machines are worth almost $2 million.


“This is a grand theft on a scale unseen before,” Police Commissioner Olafur Helgi Kjartansson said, according to the AP. “Everything points to this being a highly organized crime.”


“This is a grand theft on a scale unseen before,” Police Commissioner Olafur Helgi Kjartansson said, according to the AP. “Everything points to this being a highly organized crime.”


The AP reports that police are monitoring energy consumption throughout Iceland in case the thieves turn on their new computers and put a strain on the electricity grid, as this could potentially take them back to where the stolen computers are located.


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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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