Malaysia’s Crypto Mining Boom Threatened By $100 Million Power Theft
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Malaysia’s crypto miners are at a crossroads. A new study by the ACCESS Blockchain Association of Malaysia points to big gains ahead. But it also warns that illegal outfits are draining more than RM441 million from the power grid between 2020 and 2024. That $100 million loss has hit both public safety and investor trust.
Malaysia Mining Faces Power Theft Crisis
According to national utility Tenaga Nasional Berhad (TNB), hidden rigs in homes and offices have been tapping into the grid without permission. Over the last five years, TNB logged power losses worth RM441 million. That’s more…
