【Report: Malaysia's Cryptocurrency Mining Market to Grow to $5.13 Billion by 2025】 An industry report released by the Malaysia Blockchain Association indicates that rampant electricity theft by illegal miners, inconsistent policies, and a lack of legal clarity hinder the potential economic prospects of cryptocurrency mining in Malaysia.

The report predicts that driven by its strategic location, evolving tech ecosystem, and expertise in Sharia-compliant financial practices, Malaysia's cryptocurrency mining market will grow by 110.2% by 2025, from $2.44 billion to $5.13 billion. However, the report notes that Malaysia must address several internal factors to sustain growth.

Tenaga Nasional Berhad (TNB), Malaysia's multinational power company, lost 441.6 million Malaysian Ringgit (approximately $104.2 million) due to electricity theft between 2020 and September 2024, attributing the losses mainly to illegal Bitcoin mining. Previously, the company's losses reached as high as 2.3 billion Ringgit (approximately $542 million) from 2018 to 2021. $ETH