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Malaysia's Cryptocurrency Mining Surge at Risk Due to $100 Million Power Theft

Published by bitcoinist.com on yesterday

Malaysia's Cryptocurrency Mining Surge at Risk Due to $100 Million Power Theft

Crypto miners in Malaysia are facing a pivotal moment. A recent report from the ACCESS Blockchain Association of Malaysia indicates significant potential for growth in the sector.

However, the study also highlights a concerning issue: illegal mining operations are reportedly siphoning off over RM441 million from the national power grid between 2020 and 2024. This estimated loss of approximately $100 million is adversely affecting public safety and undermining investor confidence.

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