IBC Group to end Bitcoin and Ethereum mining in China
DUBAI, 11 days ago IBC Group has responded to the Chinese decision to crackdown on cryptocurrency mining within their territory, by deciding to close all its Bitcoin and Ethereum mining facilities across China. Khurram Shroff-led IBC Group will move its staff to new locations; including UAE, Canada, USA, Kazakhstan, Iceland, and various South American countries. The IBC group has significant Bitcoin and Ethereum mining operations across China and has over 1,500 people employed in more than 40 cities. The group, has invested in over 4,000 different Blockchain projects - including playing an instrumental role in the launch of Ethereum 2.0, with around 100,000 Ether staked.
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