Following a series of robberies involving hundreds of bitcoin miners, the Icelandic police are investigating what would be the biggest flight party of all time. island nation.

The Associated Press reports a wave of less in-envelopes thefts in December and January when some 600 Bitcoin miners were stolen from four separate burglaries. Now considered as the “Big Bitcoin Heist” by the Icelandic media, the estimated value of the stolen equipment is nearly $ 2 million.

An ongoing investigation has already resulted in 11 arrests, including a security guard for what is considered an organized crime leading to the biggest thefts ever seen in Iceland.

Police Commissioner Olafur Helgi Kjartansson of the Reykjanes region, southwest of Iceland, where two of the burglaries took place, said:

“It’s a large-scale robbery of unprecedented scale before, all indications point to it being a highly organized crime.”

According to a local news report from Visir News, the total feature sees 600 graphics cards, 100 power sources, 100 motherboards, 100 memory disks and 100 processors stolen as a result of the robberies.

Iceland is home to some of the world’s most flourishing bitcoin mining ecosystems due to the country’s abundance of energy in geothermal and hydroelectric power plants and cold temperatures conducive to large-scale mining. A wave of mining operations moving into the island nation has seen local politicians raise the possibility of taxing mining encryption activities.

Icelandic police kept burglaries until last month, apparently in the hope of catching burglars. For now, the police reportedly reported to Internet service providers, electricians and storage space providers to report any “unusual demand” for energy. Authorities are also monitoring energy consumption across Iceland in the hope of catching thieves by spotting a spike.

Image from Shutterstock.

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