Malaysia targets illegal bitcoin mining amid rising electricity theft

Malaysia is cracking down on illegal bitcoin mining after uncovering significant electricity theft linked to the activity. Authorities estimate the country loses around RM700 million each year due to unauthorised power usage, prompting calls for stricter enforcement and public vigilance. Two houses were recently inspected on suspicion of electricity theft for bitcoin mining. Investigations revealed illegal cable connections that bypassed safety standards, posing risks of electric shocks and fires. The cases, now under Section 37(3) of the Electricity Supply Act 1990, involved estimated monthly losses of RM34,000.

The problem extends beyond residential areas, with illegal mining detected in business premises as well. High-powered mining machines, often used in large numbers, can overload circuits and trigger short circuits. Authorities warn that homeowners may face liability if tenants commit electricity theft under their property. To tackle the issue, Tenaga Nasional Bhd (TNB) advises transferring electricity accounts to tenants. This move aims to hold them directly responsible for usage and any offences. The public has also been urged to report suspicious power consumption patterns to help curb the growing problem.

Nationwide efforts to combat illegal bitcoin mining will now intensify. The crackdown seeks to reduce financial losses and ensure fair electricity pricing for legitimate consumers. Authorities continue to investigate and prosecute cases under existing laws.