Recommended Watch: Hydro-Rich Chinese City Said to Clamp Down on Crypto Mining (youtube.com)
A Chinese city with abundant hydropower is said to have begun a sweeping clampdown on crypto mining firms this week. A Ya’an government official has told at least one Bitcoin miner that the city has promised to root out all Bitcoin and Ether mining operations with a year, according to a person with knowledge of the situation. Tom Mackenzie reports on "Bloomberg Daybreak: Australia."