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Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation

Published 04/05/2021, 05:46 AM
Updated 04/05/2021, 07:40 AM
Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation
NVDA
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In the waters off Hong Kong International Authorities on April 2, Hong Kong Customs detected suspicious figures offloading cartons from a fishing boat to a nearby speedboat. While the men successfully fled, the authorities reportedly detained the fishing vessel and found there a large batch of apparently smuggled goods: everything from dried shark fins and cosmetics to electronics.

Notably, among these goods — worth an estimated $31 million in total — were reportedly a stash of over 300 Nvidia (NASDAQ:NVDA) CMP 30HX graphics cards; a new line of GPUs dedicated to cryptocurrency mining, which Nvidia released earlier this year in order to ensure that its other GPU hardware will remain primarily used by gamers.

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