TNB Malaysia: Electricity Theft for Cryptocurrency Mining Rises by 300%
Illegal Surge
Tenaga Nasional Berhad (TNB) has announced that cases of electricity theft associated with cryptocurrency mining have increased by 300% in recent months.
Massive Losses
The company revealed that it recorded 2,465 cases in 2024, compared to only 610 in 2023, costing it over $11.5 million due to illegal energy consumption.
Investigations and Prosecutions
TNB is working with authorities to track down illegal miners, confiscating equipment and tracing networks involved in organized operations.
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