Kuala Lumpur, 12th May 2025 - About half a billion ringgit has been lost to electricity theft over the last four years, with the bulk of it from illegal crypto mining.
Based on statistics provided by Tenaga Nasional Bhd (TNB), Bukit Aman said there was substantial losses due to illegal crypto currency mining which requires a huge amount of computing power.
"Overall, TNB lost about RM520 million to electricity thefts. Most of the cases involved illegal crypto mining operations,” said Director of Criminal Investigation Department (CID), CP Dato' Sri Mohd Shuhaily Mohd Zain.
Five years ago, TNB lost RM9.2 million to power thieves, followed by RM140.6 million in 2021, RM 124.9 million (2022), RM67.1 million (2023) and RM138.7 million last year.
As of last month, it registered a RM40.1 million loss.
Dato' Sri Mohd Shuhaily told The Star that crypto mining syndicates tend to operate from rented shop lots, warehouses or even residential homes.
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The Star article attached.
