Power theft linked to crypto mining costs RM4.8bil in losses, says deputy minister

Power theft linked to crypto mining costs RM4.8bil in losses, says deputy minister

ALOR SETAR: Electricity theft linked to cryptocurrency mining activities has caused RM4.8 billion in losses from 2018 to June this year, said Deputy Energy Transition and Water Transformation Minister.

Bitcoin Mining Power Theft Costs Malaysia Over RM4.8 Billion

Due to illegal Bitcoin operations, Malaysia has incurred a significant financial loss amounting to  RM4.8 billion ($1.08 billion) in electricity theft from 2018 to June 2025.   As mentioned by the Deputy Energy Transition and Water Transformation Minister, Akmal Nasrullah Mohd Nasir, the cryptocurrency mining syndicates are getting bolder by the day. He also stated how the unauthorised cryptocurrency mining has mismanaged the power grid and is e…

Power theft for bitcoin mining incur RM4.8 bln in losses to country

ALOR SETAR, July 17 — Electricity theft linked to illegal bitcoin mining activities has caused RM4.8 billion in losses from 2018 to June this year, said Deputy Energy Transition and Water Transformation Minister Akmal Nasir. He called the situation alarming and urged continuous enforcement to prevent further losses. “Since 2018, electricity theft involving illegal bitcoin mining has cost RM4.8 billion – a massive loss. “In terms of cases, we rec…