CCTV disclosed the details of the Xiao Yi case in Fuzhou: packaging "mining" into a "high-tech industry" and operating about 160,000 "mining machines"

The second episode of the feature film "Forever Blowing the Charge" "Political Supervision" was broadcast on CCTV. Xiao Yi, the former secretary of the Fuzhou Municipal Party Committee, enshrined Jiumu Group Genesis Technology Co., Ltd. A "business card" of the "digital economy" industry, it is advertised as a high-tech company engaged in "big data" and "cloud computing". However, Xiao Yi actually knew that the company was really engaged in the production of virtual currency calculations, commonly known as "mining". Xiao Yi asked Lin Qingxing, the actual controller of Jiumu Group, to pretend to be a big data company, and some leading cadres even formed a "mining" interest community with Lin Qingxing's company. Genesis has about 160,000 "mining machines" running every day. From 2017 to 2020, this company's electricity consumption accounted for 10% of Fuzhou's total electricity consumption. In order to cover up the real situation, Xiao Yi instructed relevant departments to fabricate statistical reports and adjust the classification of electricity consumption. He also illegally demanded financial subsidies for the company, and illegally promoted government agencies to provide the company with guarantees, loans and other financing support of more than 2.4 billion yuan, and helped the company build a new data center building in the high-tech zone. Beginning in 2018, the state has clearly required local governments to guide “mining” companies to exit in an orderly manner, and then further explicitly prohibited the development of virtual currency “mining” projects in any name. Xiao Yi is very clear about the national policy, but he still wants to get lucky, trying to hide the truth and instruct Lin Qingxing Company to "perform" some other business when someone comes to visit and inspect. Foresight News Note, on November 13, 2021, Xiao Yi, the former vice chairman of the Jiangxi Provincial Political Consultative Conference, was double-opened for abusing his power to support virtual currency "mining" and other violations of law and discipline; on December 29, 2022, Xiao Yi accepted bribes, abused The first-instance trial of the authority case opened, and Xiao Yi pleaded guilty and repented in court.