Bitcoin News Update: Malaysia Faces $1 Billion Electricity Theft Scandal as Secret Crypto Mining Operations Jeopardize Power Grid Stability
- Malaysia's TNB confirmed $1.1B electricity losses from 13,827 illegal crypto mining sites (2020-2025), threatening grid stability and economic security. - 300% surge in power theft cases (2018-2024) involves bypassing meters, hidden warehouses, and industrial cooling to evade detection. - TNB deployed smart meters, real-time monitoring, and targeted raids, seizing 900 Bitcoin machines worth $482K in 2024. - Government considers licensing frameworks and energy pricing reforms to formalize crypto mining am
Malaysia’s state-owned power provider, Tenaga Nasional Berhad (TNB), has reported that illegal cryptocurrency mining has led to electricity revenue losses surpassing $1.1 billion from 2020 through August 2025. The Ministry of Energy
These unauthorized mining activities typically involve tampering with meters or making illegal connections to the power grid, practices
In response, TNB has
The financial and infrastructure dangers posed by unchecked theft have spurred policy action. The Ministry of Energy
On a global scale, Malaysia’s situation is similar to that of other nations with subsidized power, like Iran, Russia, and Paraguay,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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