Reykjavík
8°C
SW

Bitcoin

Charges Brought Against Sindri Þór in Bitcoin Theft Case

Police have officially brought charges against Sindri Þór Stefánsson and several other individuals in the matter of 600 stolen computers from three data centers in December 2017 and January 2018. The computers were outfitted for bitcoin mining and worth an estimated ISK 200 million.

geothermal

In Focus: The Bitcoin Haven

Mining for the cryptocurrency Bitcoin is expected to overtake the energy consumption of Icelandic households this year as the abundance of renewable and cheap electricity has Bitcoin miners flocking to Iceland to set up shop.