Malaysian authorities, led by Tenaga Nasional Berhad, report over $1 billion in losses due to illegal cryptocurrency mining draining the national power grid from 2020 to 2025.
These illegal mining activities threaten Malaysia's economic stability and energy security, prompting government interventions to safeguard electricity resources and prevent future exploitation of the grid.
Uncovering Widespread Electricity Theft
Malaysian authorities have uncovered a massive $1 billion loss due to electricity theft, primarily linked to illegal Bitcoin mining operations. These activities have been ongoing from 2020 to 2025 and involve over 13,000 premises.
Government Interventions and Enforcement
Collaborating agencies, including Tenaga Nasional Berhad and the Ministry of Energy, are leading efforts to curb illegal electricity use. They are implementing enforcement actions and policy changes to safeguard the energy infrastructure.
Authorities are implementing enforcement actions and policy changes to safeguard the energy infrastructure.
— [Twitter Handle Placeholder] (@fmtoday) [Date Placeholder]
Risks to National Energy Grid and Economy
The illegal mining activities have put the national energy grid at risk, causing instability and economic concern. Responding to these threats, the government is taking robust measures to mitigate further losses.
Financial repercussions include significant economic losses and potential increases in electricity costs for consumers. Tough penalties for offenders aim to deter future illicit mining activities.
Technological Solutions and Commitment to Energy Security
Authorities are employing advanced technological solutions, such as smart meters, to monitor and address suspicious energy consumption in real time. These efforts underscore the government's commitment to ensuring energy security.
"The ministry, together with ST and TNB, remains committed to curbing meter interference and the illegal use of electricity, especially for bitcoin mining. These integrated enforcement efforts, awareness programmes and strategic engagements are essential to minimising losses to the electricity supply industry and safeguarding the integrity of the nation’s energy system." — Fadillah Yusof, Deputy Prime Minister & Minister of Energy Transition and Water Transformation
Addressing a Growing Global Trend
Historically, Malaysia has seen a surge in illegal mining operations, reflecting a global trend. The concerted efforts of regulators and enforcement agencies aim to fortify Malaysia's grid against this continuing challenge.
Regulators and enforcement agencies are fortifying Malaysia's grid against this continuing challenge.
— [Twitter Handle Placeholder] (@CryptoRank_io) [Date Placeholder]