The post Thai Authorities Raid Bitcoin Mining Farm Over Multi-Million Baht Electricity Theft appeared on BitcoinEthereumNews.com.

Thailand is on a mission to address illegal mining operations causing massive power disruptions in its capital city, Bangkok, and neighboring areas. In its latest drive against these unregistered operations, the kingdom’s Provincial Electricity Authority (PEA) announced that it has shut down an illegal Bitcoin mining farm in the Phanat Nikhom, District of Chonburi. This time, the energy company worked with the Crime Suppression Division to raid the mining facility, which was suspected of tampering with the electricity meter for crypto-mining purposes. According to local reports, the PEA and CSD officers confiscated 996 Bitcoin mining machines and similar equipment. A representative of the raiding team said that crypto mining operations work with stolen power worth hundreds of millions of baht. The persons responsible for the questionable crypto-mining operations are unknown, but the CSD is preparing the necessary arrest warrants from the local court. Image: The Nation Illegal Crypto Mining Remains A Problem For Thai Authorities Crypto mining is a complex technical process that requires high-end computers and related equipment. Because it requires massive power and investment in advanced equipment, it isn’t surprising that many groups run illegal crypto-mining operations. In Thailand, several crypto-mining operations have been set up, and many of these have been illegally tampering with the country’s electrical supply. BTC is now trading at $91,987. Chart: TradingView Last November 2024, Thai authorities raided and closed at least nine illegal crypto-mining operations and charged two persons with stealing over $280k worth of electricity. In 2022, Bangkok’s Department of Special Investigation also carried out raids targeting over 50 illegal crypto-mining operations. Image: The Nation Chonburi Mining Operator Illegally Tapped Into Local Electricity Supply According to local reports, an unidentified employee of the mining firm tipped the authorities about the possible electricity theft in the facility. Authorities said the facility used…

---

Filed under: News - @ January 10, 2025 5:21 am