Thai authorities have confiscated 1,000 Bitcoin mining rigs from individuals accused of stealing electricity to power their operations. The seizure was a result of a joint operation between the Crime Suppression Division and the Provincial Electricity Authority.

The individuals in question were allegedly using the stolen electricity to power their Bitcoin mining rigs, which were discovered in a warehouse located in the Samut Prakan province. The authorities were tipped off about the illegal operation and conducted a raid to apprehend the suspects and seize the equipment.

Bitcoin mining is a resource-intensive process that requires significant amounts of electricity to operate the specialized hardware. In Thailand, electricity theft is a prevalent issue, with some individuals resorting to illegal means to power their operations and avoid high electricity costs.

The confiscated Bitcoin mining rigs will be used as evidence in the ongoing investigation, and the individuals involved could face criminal charges for theft of electricity. The authorities are cracking down on illegal cryptocurrency mining operations to uphold the law and protect the country’s energy resources.