𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮’𝘀 $𝟱𝗕 𝗖𝗿𝘆𝗽𝘁𝗼 𝗠𝗶𝗻𝗶𝗻𝗴 𝗕𝗼𝗼𝗺 𝗮𝘁 𝗥𝗶𝘀𝗸 𝗪𝗶𝘁𝗵𝗼𝘂𝘁 𝗖𝗹𝗲𝗮𝗿 𝗥𝘂𝗹𝗲𝘀
Malaysia’s crypto mining market is projected to grow 110.2% in 2025 — 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.
⚫️ Illegal Mining Is Draining Billions
⚫️ National energy provider TNB lost $104M to electricity theft from 2020–2024
⚫️ Past losses from 2018–2021 hit $542M, mostly due to unlicensed Bitcoin miners
⚫️ The report says formalizing this activity could turn stolen power into taxable revenue
⚫️ Legal Miners Hide in the Shadows
⚫️ Many medium-to-large legal mining firms exist, but avoid publicity due to fear of cyberattacks and regulatory changes
⚫️ Firms like Hatten Land are building regulated infrastructure with partners like Hydra X
⚫️ Malaysia has the tech edge: strong internet + hydropower access
⚫️ Big Potential, But No Clear Mining Rules
⚫️ Malaysia ranks 7th–8th globally in Bitcoin hashrate (2.5–3% share)
⚫️ But the Securities Commission has no mining-specific rules, only exchange regulations
⚫️ Lack of clarity is stalling large-scale legal adoption
⚫️ What Needs to Be Done
✅ Introduce crypto mining licenses
✅ Roll out green tariff incentives
✅ Close legal loopholes in electricity theft
✅ Develop Shariah-compliant mining models
⚫️ Final Word
Malaysia has the chance to become a crypto mining hub in Asia — but only if it moves fast to regulate, legitimize, and support the sector.
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