Malaysia’s national utility Tenaga Nasional Berhad (TNB) has uncovered over $1.1 billion in losses from electricity stolen for crypto mining operations over roughly the past five years, amid the country’s ongoing crackdown on power theft.
The country’s energy ministry wrote in a parliamentary filing dated Tuesday that TNB has identified 13,827 premises that illegally siphoned power to mine bitcoin and other cryptocurrencies between 2020 and August 2025. That led to losses of at least 4.57 billion ringgit ($1.1 billion).
The ministry said the activity poses a serious threat to the national electric supply system and public safety, the country’s economic stability.
Malaysia has been battling illicit crypto mining operations as early as 2018 to prevent soaring electricity costs. In August 2024, local authorities said it had destroyed over 900 bitcoin mining rigs worth nearly 2 million ringgit ($482,160).
In the Tuesday filing, the energy ministry said that TNB has built an internal database of property owners and tenants suspected of involvement in electricity theft to better identify and track suspicious sites going forward.
“This database serves as an important internal reference for identifying and monitoring suspicious premises and forms the basis for operational inspection actions,” said the energy ministry in the translated document.
On the technical front, TNB has deployed smart meters and launched the “Distribution Transformer Meter” pilot program at energy substations to better monitor energy usage and detect abnormal patterns, the ministry said.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
