Hydropower plants go on sale in China amid mining crackdown and bitcoin slump

Source: Tech – South China Morning PostChina’s swift and sweeping crackdown on bitcoin mining has pushed owners of small hydroelectric power plants to offload their assets now that demand for cheap power is drying up.The number of advertisements on Xianyu, a popular second-hand e-commerce platform, for small scale hydro plants with capacity of around 50 megawatts, has increased since the mining crackdown began in May.Some plants are in southwestern Sichuan province, an area in China with abundant water resources that can provide…Read More

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