The report came out overnight, so not breaking news at all.
According to three local media sources:
- City of Ya’an, one of the major crypto mining hubs in China’s Sichuan province,
- “Officials from related authorities, including the city’s energy bureau and technology bureau, had a meeting and decided to crack down crypto mining operations,” Chinese crypto media outlet PANews reported, citing an anonymous source.
- Local miners have received a notice that requires them to shut down their sites at 22:00 local time for self-inspection.
- It is unclear when the miners will be able to turn their mining machines back on, but another meeting is expected on Friday, according to the report.