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Malaysia’s Electric Utility Says Bitcoin Miners Stole $25M in Power

Published 08/15/2019, 06:39 AM
Updated 08/15/2019, 07:01 AM
© Reuters.  Malaysia’s Electric Utility Says Bitcoin Miners Stole $25M in Power

Malaysian power utility firm Tenaga Nasional Bhd (TNB) is tightening measures in a bid to stem the millions lost to electricity theft by Bitcoin (BTC) miners.

According to an Aug. 15 report from EdgeProp, tampered electricity distribution boards used in local Bitcoin mining operations have cost TNB RM106 million ($25.3 million) as of June 2019.

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