Malaysia’s Electric Utility Says Bitcoin Miners Stole $25M in Power

Cointelegraph | Aug 15, 2019 at 10:39 AM
  • Malaysian power utility firm Tenaga Nasional Bhd (TNB) is tightening measures in a bid to stem the millions lost to electricity theft by Bitcoin (BTC) miners.
  • Tampered electricity distribution boards used in local Bitcoin mining operations have cost TNB RM106 million ($25.3 million) as of June 2019.
  • In a bid to protect premise owners, TNB has recommended they temporarily transfer their TNB to their tenants’ name.