Xinjiang's leading polysilicon enterprise was fined more than 100 million yuan for illegally supplying power to mining

A leading polysilicon industry company in Xinjiang was confiscated by regulatory authorities and fined by the regulatory authorities for illegally supplying power to virtual currency mining activities, totaling more than 100 million yuan. Relevant rectification background shows that the local government is increasing supervision of virtual currency mining, requiring full-coverage inspections, and strictly prohibiting enterprises from transferring power supply in any form. At present, Xinjiang has clearly designated virtual currency mining as an eliminated industry, and relevant law enforcement actions continue to advance.