Share this article
Ukrainian Law Enforcement Raids Illegal Mining Farm With GPUs, PlayStations
The miners reportedly used the electricity of the local power provider.
Updated Sep 14, 2021, 1:23 p.m. Published Jul 9, 2021, 12:38 p.m.
Ukrainian law enforcement shut down a “major” crypto mining farm, the Security Service of Ukraine (SSU) said Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to an official report, the miners occupied a utility room at the local electricity provider in the town of Vinnitsa southwest of Kiev and illegally plugged into its power grid. “Entire blocks of Vinnitsa could have been left without power," the SSU said.
The law officers seized 5,000 units of hardware, including “3,800 PlayStations, 500 GPUs (graphic processing units), 50 CPUs (central processing units), documents, notepads, phones and flash drives," according to the report. Authorities are now trying to identify the people involved with the mining farm, possibly including the staff of the electricity provider, Vinnytsiaoblenergo.
Vinnytsiaoblenergo may have lost as much as $250,000 a month, the investigators said.
Ukrainian law enforcement officials discover illegal mining farms from time to time, raiding venues with unauthorized access to the electricity grid. Earlier in July, the SSU shut down a smaller farm in the Chernihiv region containing 150 application-specific integrated circuits (ASICs), Forklog reported.
Ukraine is about to pass its first crypto regulation, with the Draft Bill on Virtual Assets proceeding through parliament. The country's central bank has been exploring the prospects of issuing a Ukrainian hryvnia-backed central bank digital currency, and earlier this month, the future CBDC was included in the national regulation for payment systems.
Read also: From Risky to Promising: Ukraine’s Quest to Become a Dream Crypto Jurisdiction
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations
Solana tumbled below $120 to its weakest price since April, while SUI, DOGE and ADA also fell sharply.
What to know:
- Bitcoin is teetering on the brink of falling below $85,000 level, accelerating declines in the crypto market.
- Altcoins such as SOL, Cardano, ADA, SUI and dogecoin led Thursday's drop.
- $550M in liquidations hit derivatives markets, but analysts said the pullback looks like orderly deleveraging rather than full-blown panic.
Top Stories
