Electricity theft for Bitcoin mining causes over $25m loss to Malaysia

Electricity theft for Bitcoin Mining is causing serious disruptions in Malaysia where the national power supply company is now seeking action after heavy losses. The power utility company of Malaysia Tenaga Nasional Berhad (TNB) has now started targeting the Bitcoin miners who are involved in stealing electricity to power mining activities. Reportedly, the company suffered from a loss of one hundred and six million RM ($25.3 million) in June due to the mining activities of these Bitcoin miners. The General Manager of TNB Siti Sarah Johana Mohd in this regard stated that the company is now going to prosecute all