Content adapted from this Zerohedge.com article : Source
Authorities in Iceland are working on what might be one of the biggest bitcoin thefts ever.
Approximately 600 computers used to mine bitcoin were stolen in December and January. Three of the heists were in December with a 4th in January. 11 people were arrested so far.
This is being termed "Big Bitcoin Heist".
Authorites kept the robberies under wraps since they occurred while they conducted their investigations.
The value of the computers were around $2 million. What is unknown is how many bitcoins were involved.
Bitcoin mining is very popular in the tiny nation located in the North Atlantic. Energy costs are low with plenty of renewable energy available. The cold weather assists in keeping GPUs cool which further can reduce the cost of mining.
Although expensive, mining hardware must be kept cool so as to prevent overheating. Utilising Icelands natural elements, the exteriors of mining facilities are deliberately only partially constructed; providing huge financial savings. -cryptocoinspy.com
Non-adapted content found at zerohedge.com: Source