Los Angeles police have arrested a Canyon Country man on suspicion of possessing $579,000 in stolen bitcoin mining computers. Bryan Thola, 26, was re

Police recover stolen bitcoin mining computers worth $579,000

submited by

Style Pass

2024-07-02 13:00:17

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.

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.