id author title date pages extension mime words sentences flesch summary cache txt gizmodo-com-5390 Bitcoin Plunges as Chinese Province Pulls Plug on Crypto Mining .html text/html 546 50 74 Bitcoin Plunges as Chinese Province Pulls Plug on Crypto Mining Bitcoin Plunges as China's Sichuan Province Pulls Plug on Crypto Mining Chinese state media reports 90% of China's bitcoin mining could be coming offline. The bitcoin mining facilities of Sichuan Province received an order on Friday to stop doing business by Sunday, according to Chinese state media outlet the Global Times. But Chinese regulators are now taking a uniform approach, which would overhaul and rein in the booming Bitcoin mining industry in China," Shentu Qingchun, CEO of a Shenzhen crypto company told the Global Times. CNBC's Eunice Yoon tweeted early Monday that a Chinese logistics firm was shipping 6,600 lbs (3,000 kilograms) of crypto mining equipment to an unnamed buyer in Maryland for just $9.37 per kilogram. ./cache/gizmodo-com-5390.html ./txt/gizmodo-com-5390.txt