According to the report, one mining operation in Wenzhou City, Zhejiang Province relied on the resources of a vocational and technical college to power four mining rigs with 32 graphics cards, which are believed to have earned 2.4 ETH over about four months. Sina Finance reported Tuesday on Baidu—the popular Chinese social networking site—that the Joint Inspection Unit conducted raids on 20 “state-owned units” associated with 36 public IP addresses connected to recent crypto mining activity. Highlights China has offered a few other reasons why it’s cracking down on crypto mining as well. Perhaps the foremost is the tried-and-true “because...