Innosilicon’s giant data center for Mining Bitcoin Burns
After the Bitcoin network experienced a harsh market on September 30th, evidence emerged of a fire destroying a $10 million worth of mining rigs.
Marshall Long, tweeted that one of the first active Bitcoin miners, mining company Innosilicon’s giant data center began burning on Monday. A video later appeared showing the machines reportedly continuing to run despite being on fire.
Dovey Wan, a founding partner at crypto asset holding company Primitive Ventures, said that the total worth of equipment involved is around $10 million.
Innosilicon is yet to make any public comments on this as at press time.
Commentators on social media said the fire was to be blamed for a reported drop in Bitcoin’s hash rate.