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Reading: Bitcoin (BTC) mining costs this country so much! “1.1 billion dollars disappeared!”
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© 2025 All Rights reserved | Powered by All News Bitcoin
Mining

Bitcoin (BTC) mining costs this country so much! “1.1 billion dollars disappeared!”

November 21, 2025 2 Min Read
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An fascinating incident associated to cryptocurrency mining occurred in Malaysia.

Malaysia’s nationwide vitality firm Tenaga Nasional Berhad (TNB) reported losses of $1.1 billion as a consequence of electrical energy theft by cryptocurrency miners from 2020 to August 2025, Reuters reported.

The nation’s Ministry of Vitality and Pure Sources introduced in a doc despatched to parliament that it had recognized 13,827 workplaces that illegally leaked electrical energy for crypto mining between 2020 and August 2025.

This resulted in losses of at the least 4.57 billion ringgit ($1.1 billion).

The ministry acknowledged that the exercise in query represents a severe menace to the nationwide electrical energy provide system, public security and the financial stability of the nation.

It was claimed that theft normally happens within the type of tampering with meters or unauthorized connections to the community.

The ministry acknowledged that it has been combating unlawful crypto mining actions since 2018 to stop rising electrical energy prices, and that TNB has created an inner database of house owners and tenants suspected of being concerned in electrical energy theft and can now higher determine and monitor suspicious areas.

Lastly, the Ministry additionally acknowledged that from a technical perspective, TNB is utilizing sensible meters and has launched a pilot program of “distribution transformer meters” to higher monitor energy utilization at energy substations and detect irregular patterns.

*This isn’t funding recommendation.

See also  Bitcoin Miner Canaan Posts $88.7M Net Loss in Q1 Amid BTC Drop
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Reading: Bitcoin (BTC) mining costs this country so much! “1.1 billion dollars disappeared!”
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