星球日报|Nov 19, 2025 07:08
[Malaysia's National Power Company Loses Over $1.1 Billion in 5 Years Due to Electricity Theft by Crypto Miners]
Odaily Planet Daily News: According to the South China Morning Post, Malaysia's Ministry of Energy stated that the national power company, TNB, suffered cumulative losses exceeding $1.1 billion due to electricity theft by cryptocurrency miners between 2020 and August 2025. In a written response to Parliament, the Ministry of Energy and Water Resources Transformation noted that a total of 13,827 locations had illegally modified or bypassed electricity meters for mining purposes during this period. Although Malaysia does not have specific legislation targeting crypto mining, such actions violate the Electricity Supply Act.
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