CandleFocus Thai authorities unplug Bitcoin mine that stole millions of baht in electricity
2025-01-09
Author: Content Editor
Thailand's Provincial Electricity Authority has shut down a Bitcoin mining farm in Chonburi for stealing electricity worth hundreds of millions of baht by tampering with power meters. The authorities seized 996 Bitcoin mining rigs during the raid. The operators of the farm are yet to be identified, and arrests warrants are being obtained. Bitcoin mining is an energy-intensive process, and some operators resort to illegal methods to cut costs. Thailand has experienced several instances of electricity theft by illegal miners, leading to blackouts and higher costs for residents. Similar incidents have been reported globally, leading to increased regulations and control over the crypto-mining industry.
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