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Reading: Crypto millionaire in China blames 200 cats for losing millions
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© 2025 All Rights reserved | Powered by All News Bitcoin
Mining

Crypto millionaire in China blames 200 cats for losing millions

November 15, 2025 6 Min Read
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  • Mining rigs changed into a cat inn
  • Mining in a area the place it’s prohibited
  • China and US Hack Bitcoin Blame Sport

A Chinese language cryptocurrency entrepreneur in Inside Mongolia reportedly misplaced tens of millions after practically 200 stray cats in search of the warmth radiated by mining video playing cards broken his workshop gear.

In line with the StoryTime Fb web page, the cats have been discovered curled up inside a non-public mining facility within the Inside Mongolia Autonomous Area.

Staff informed reporters that stray cats appeared close to the power in the course of the chilly season in early October, in search of shelter and heat from working mining machines. Inside weeks, the variety of cats had multiplied to round 200, remodeling the crypto mining middle into an unwitting feline sanctuary.

Each time the animals slept on the machines, the efficiency of the graphics playing cards was affected. This decreased hash charges and required costly {hardware} upgrades.

“It is cute and heartwarming, however these ‘beds’ actually price us tens of millions of {dollars},” one worker informed StoryTime, explaining that the animals’ presence induced them to overheat.

Mining rigs changed into a cat inn

The farm proprietor, described by staff as a lifelong animal lover, determined to please them. “Fortuitously, the proprietor of those machines is a cat,” stated one employee. “He purchased over 200 heating mats and we have been informed to place them in a separate room for the cats.”

The makeshift shelter was arrange subsequent to the primary mining room, with insulated partitions and bedding to maintain the cats heat. “I discover it so lovely that of all of the animals that might have sabotaged crypto nonsense, it must be cats. The spine of web tradition,” stated one X person.

lastly, an honest use for cryptocurrencies pic.twitter.com/3FMbvj1XUD

— horse dentist (@equine__dentist) November 10, 2025

In line with Coinwarz statistics, the present mining issue of the Bitcoin community recorded 155.97 billion hashes per second (155.97 T), so miners should carry out roughly 155.97 trillion hash calculations on common to discover a block. The mining rigs use electrical energy between 1.5 and three.3 kilowatts every, which is equal to about 54 to 82 ° C of emitted warmth, concerning the quantity dozens of cats must fight the chilly 0 to 16 ° C local weather of Inside Mongolia.

See also  Impressive 375 BTC extracted in August

Regardless of the harm, staff say the cats at the moment are properly cared for and have turn out to be a everlasting characteristic of the positioning. “Now they’re a part of the household. Mining rigs could also be quieter, however at the least the cats are heat,” thought of one technician.

Mining in a area the place it’s prohibited

Cryptocurrency mining was formally forbidden in Inside Mongolia in 2021, when the area’s Improvement and Reform Fee declared a crackdown on crypto mining and associated digital asset operations. In line with Reuters, the fee stated violators may face license revocations and social credit score sanctions if they’re caught collaborating in or helping in mining operations.

Inside Mongolia was as soon as a worldwide powerhouse for Bitcoin mining, accounting for practically 8% of world hashing energy on the time, in response to the Cambridge Bitcoin Electrical energy Consumption Index.

Nevertheless, Beijing’s push for carbon neutrality and monetary danger management led to restrictions in mainland China and Inside Mongolia. The Chinese language authorities despatched a stern warning to web and telecommunications corporations exploiting cryptocurrencies, and new digital foreign money initiatives have been explicitly banned.

China’s State Council, led by Vice Premier Liu He, vowed to “resolutely stop and management the monetary dangers” of digital currencies. Inside Mongolia, in response to the directive, pledged to “clear up” its mining sector to purify the massive information business.

China and US Hack Bitcoin Blame Sport

The cat incident comes in opposition to the backdrop of tensions between China and america over digital belongings and cybersecurity earlier this week. Beijing’s Nationwide Laptop Virus Emergency Response Middle accused Washington of orchestrating a large theft of Bitcoin from a China-linked mining group often called LuBian.

See also  Bitcoin's mining profitability increased by almost 20% in May, says Jefferies

In line with Chinese language officers, aforementioned In line with Cryptopolitan, US state-backed hackers allegedly stole 127,272 Bitcoin, price roughly $13 billion, from LuBian in December 2020. The company claimed {that a} “state-level hacker operation” got here from the US authorities, and that US authorities later seized the stolen tokens in a separate cash laundering case involving Cambodian businessman Chen Zhi.

Evidently, the US Division of Justice filed a civil forfeiture case to grab the 127,271 Bitcoin, however refused to clarify the way it gained management of the tokens.

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