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Thai authorities bust illegal Bitcoin mining ring, seize equipment worth thousands
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A sprawling operation in Nan Province allegedly siphoned over $80,000 in electricity, part of a wider crackdown spanning multiple Thai provinces.
Key facts
- In Pathum Thani, authorities seized 63 mining rigs linked to an estimated financial loss of over 11 million baht, roughly $327,000, in stolen electricity
- The biggest seizure came from a Department of Special Investigation (DSI) operation that netted 3,642 mining rigs along with around 19 million baht in cash and bank deposits
- A sprawling operation in Nan Province allegedly siphoned over $80,000 in electricity, part of a wider crackdown spanning multiple Thai provinces
- Thai authorities dismantled a large-scale illegal Bitcoin mining operation in Nan Province, where operators allegedly stole more than $80,000 worth of electricity to keep their rigs humming
Summary
Bitcoin mining is an energy-hungry business even when you’re paying for the power. Thai authorities dismantled a large-scale illegal Bitcoin mining operation in Nan Province, where operators allegedly stole more than $80,000 worth of electricity to keep their rigs humming. In Pathum Thani, authorities seized 63 mining rigs linked to an estimated financial loss of over 11 million baht, roughly $327,000, in stolen electricity. Chon Buri saw an even larger haul: 996 mining rigs confiscated from an operation allegedly using tampered electricity meters to dodge charges.