Malaysia's Crypto Mining Theft: $1.1B Loss, 14K Illegal Operations
Update: 2025-11-19
Description
Malaysias state electric company, Tenaga Nasional Berhad, has suffered a staggering $1.1 billion in losses due to illegal cryptocurrency mining operations over the past five years. Authorities have identified nearly 14,000 premises involved in these activities, leading to a significant increase in power theft cases. To combat this issue, the utility company has established a new database to track suspected electricity thieves linked to Bitcoin mining. The losses primarily result from mining farms that bypass meters or tap into distribution lines, allowing large-scale mining rigs to operate undetected. Recently, there has been a threefold increase in crypto-related power theft cases, indicating a growing problem across the country.
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