Crypto Miners in Malaysia Stole $1 Billion in Power Over Five Years
Malaysia’s state electric utility provider, Tenaga Nasional Berhad, said illegal crypto-mining operations have drained roughly $1.1 billion worth of electricity over the past five years. That’s a sharp spike from the rising power-theft cases authorities had disclosed earlier in May.
Malaysia’s Energy Transition and Water Transformation Ministry told Parliament in a written reply dated Tuesday that 13,827 premises had illegally used electricity to mine crypto since 2020, causing $1.1 billion (RM 4.57 billion) in losses to the state utility provider, according to figures first published by local outlet The Edge Malaysia.
“In an effort to curb this issue, a database that stores complete records of owners and tenants of…
