Police have officially brought charges against Sindri Þór Stefánsson and several other individuals in the matter of 600 stolen computers from three data centers in December 2017 and January 2018. The computers were outfitted for bitcoin mining and worth an estimated ISK 200 million.
Mining for the cryptocurrency Bitcoin is expected to overtake the energy consumption of Icelandic households this year as the abundance of renewable and cheap electricity has Bitcoin miners flocking to Iceland to set up shop.
The 600 Bitcoin-mining computers were discovered along with eight high-powered fans in Tianjin when the local power grid reported abnormally high electricity usage.
Sindri Þór Stefánsson, who escaped from an Icelandic prison last month and fled abroad, will be sent back to Iceland on Friday.
The flight was booked under a different name, but Sindri Þór paid for the ticket with his own credit card.