Cryptocurrency mining operations hidden in plain sight have become surprisingly common everywhere, from Polish court buildings to school crawl spaces. Now, we have yet another clandestine mining operation to add to the list: The New York Times reported that a crypto mining farm based in Texas valued at over $6 million is actually owned by a New York University college student named Jerry Yu.
Jerry Yu’s company, known as BitRush Inc. or BytesRush, used cryptocurrency to buy a Texas computing center, thus masking the source of the investment, which originated in China, to avoid regulatory scrutiny. Yu was responsible for compensating contractors for their labor on this multi-million dollar project.
