Los Angeles police have arrested a Canyon Country man on suspicion of possessing $579,000 in stolen bitcoin mining computers.
Bryan Thola, 26, was released on his own recognizance from a Van Nuys jail early Friday morning, according to inmate jail records. He was arrested on suspicion of possessing stolen property, a felony.
Police found what looked to be dozens of computer towers stacked in Thola’s cargo van and a public storage unit.
Bitcoin mining computers are specialized devices that create new units of cryptocurrency by solving difficult mathematical puzzles using trial and error. The more computers you have, the faster you can create more bitcoin. Bitcoin miners make sure each transaction is verified within minutes and publicly available, according to Fidelity Investments.
LAPD Lt. Michael McComas said the investigation was ongoing and he could not release any other information about the case or the stolen computers. Police ask anyone with information to call the LAPD Commercial Crimes Division at (213) 486-5920.
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
This story originally appeared in Los Angeles Times.
This news is republished from another source.
