According to TechFlow, a report by the Malaysian Blockchain Association shows that the country's cryptocurrency mining market is expected to grow 110.2% in 2025, from US$2.44 billion to US$5.13 billion.
However, power theft and unclear regulation are hampering industry development. Malaysia's national power company lost $104.2 million from power theft between 2020 and September 2024, mainly due to illegal Bitcoin mining.
Malaysia ranks 7th to 8th in global Bitcoin mining, contributing about 2.5% to 3% of the hash rate. Experts recommend that the government create mining licenses, introduce green tariffs, strengthen legal supervision, and develop mining models that comply with Sharia law.
