Billion-Dollar Crash: How a Crypto Millionaire's Dream Became an Abandoned Mine

tokenomics_truther · 2025-11-06T03:08:09+00:00

In Fujian, a massive building resembling Apple Park was intended to be a global supercomputer center focused on cryptocurrency mining. However, after China banned mining, the project failed, leaving it abandoned and overgrown. The outcome highlights the risks of ambitious ventures reliant on a single business model in an unsuitable location.

tokenomics_truther

2025-11-06 03:08:09

Abstract generation in progress

In Fujian, there is a huge round building — an exact replica of Apple Park's headquarters. This Apple is not the “Bitcoin House” of Chinese crypto virtuoso Lin Qingshan.

The numbers are shocking: • 260 billion yuan investment • 170+ k m² of area • Solar panels, rainwater collection — the entire arsenal of “green building”

What was to appear: a global supercomputer center, thousands of mining machines, offices, exhibition halls. The plan was grand.

But today it's just an abandoned mine, overgrown with grass.

Why did it turn out this way? Lin invested in cryptocurrency mining. It's foolish — that's true, but he made money from it. Then China banned mining, and the whole project lost legitimacy. Investors fled, banks recalled loans, and construction hung in the air.

Irony: a person with over 10,000 Bitcoins tried to turn their crypto wealth into a real “In Regno”, but ended up with sandcastles.

Moral: great ambition + wrong location + dependence on one business = graveyard of dreams. 💀

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.