According to Deep Tide TechFlow, a report from the Malaysian Blockchain Association indicates that the country's cryptocurrency mining market is expected to grow by 110.2% by 2025, increasing from $2.44 billion to $5.13 billion.
However, electricity theft and unclear regulations hinder the industry's development. The Malaysian National Electricity Company lost $104.2 million from 2020 to September 2024 due to electricity theft, mainly from illegal Bitcoin mining.
Malaysia ranks 7th to 8th in global Bitcoin mining, contributing about 2.5% to 3% of the hash rate. Experts suggest that the government create mining licenses, introduce green tariffs, strengthen legal regulations, and develop mining models compliant with Islamic law.
