Illegal Bitcoin mining costs Malaysian electricity company over $100m

Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities.  Local reporting from The Star indicates that since 2020, this theft has significantly…

Oct 25, 2024 - 15:00
Illegal Bitcoin mining costs Malaysian electricity company over $100m
Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities.  Local reporting from The Star indicates that since 2020, this theft has significantly…
Read More