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Malaysiaās crypto mining market is projected to grow 110.2% in 2025 ā from $2.44B to $5.13B, according to a report by the Access Blockchain Association of Malaysia. But this growth is threatened by rampant illegal mining, energy theft, and unclear policies.
ā«ļø Illegal Mining Is Draining Billions
ā«ļø National energy provider TNB lost $104M to electricity theft from 2020ā2024
ā«ļø Past losses from 2018ā2021 hit $542M, mostly due to unlicensed Bitcoin miners
ā«ļø The report says formalizing this activity could turn stolen power into taxable revenue
ā«ļø Legal Miners Hide in the Shadows
ā«ļø Many medium-to-large legal mining firms exist, but avoid publicity due to fear of cyberattacks and regulatory changes
ā«ļø Firms like Hatten Land are building regulated infrastructure with partners like Hydra X
ā«ļø Malaysia has the tech edge: strong internet + hydropower access
ā«ļø Big Potential, But No Clear Mining Rules
ā«ļø Malaysia ranks 7thā8th globally in Bitcoin hashrate (2.5ā3% share)
ā«ļø But the Securities Commission has no mining-specific rules, only exchange regulations
ā«ļø Lack of clarity is stalling large-scale legal adoption
ā«ļø What Needs to Be Done
ā
Introduce crypto mining licenses
ā
Roll out green tariff incentives
ā
Close legal loopholes in electricity theft
ā
Develop Shariah-compliant mining models
ā«ļø Final Word
Malaysia has the chance to become a crypto mining hub in Asia ā but only if it moves fast to regulate, legitimize, and support the sector.
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