Malaysia Logs 300 Percent Rise in Electricity Theft Linked to Illegal Crypto Mining: Report

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Malaysia has seen a dramatic surge in illegal cryptocurrency mining, with cases increasing by 300% between 2018 and 2024. Tenaga Nasional Berhad (TNB), the nation’s primary electricity provider, reported a significant jump from 610 identified illegal mining operations in 2018 to 2,397 in 2023.

This surge highlights the increasing prevalence of unauthorized crypto mining activities within the country. Authorities are actively working to identify and dismantle these illicit operations due to their significant energy consumption and potential for electricity theft. Crypto mining is a power-intensive…

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