Police in the U.K. have stumbled across a cryptocurrency mining operation after raiding what they thought would be a cannabis farm.
- Officers found that the operation was stealing "thousands of pounds worth" of electricity,
- "It's certainly not what we were expecting!" Sandwell Police Sergeant Jennifer Griffin said.
- The raid came after reports of multiple people visiting the unit at odd times of day and night, and "lots of" of wiring and ventilation ducts. A police drone had detected a considerable source of heat.
- "They are all classic cannabis factory signs," the announcement said.
- The unit was unattended at the time of the raid and no arrests have been made as yet.
- The discovery is only the second such crypto mining farm encountered in the West Midlands, according to Griffin.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.