Venezuelan Government Implements Bitcoin Mining Ban, Seizes 11,000 Miners in Effort to Address the Country’s Energy Shortage

The Venezuelan National Power Ministry has announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities in the country have seized over 11,000 bitcoin miners as part of the government’s efforts to reduce power usage from high-power customers who are siphoning energy from the national electric system.

According to reports, the Venezuelan National Power Ministry has taken action to seize and disconnect over 11,000 bitcoin miners amidst concerns about energy consumption.

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