Malaysia has seen a dramatic surge in illegal cryptocurrency mining, with cases increasing by 300% between 2018 and 2024. Tenaga Nasional Berhad (TNB), the nation’s primary electricity provider, reported a significant jump from 610 identified illegal mining operations in 2018 to 2,397 in 2023.
This surge highlights the increasing prevalence of unauthorized crypto mining activities within the country. Authorities are actively working to identify and dismantle these illicit operations due to their significant energy consumption and potential for electricity theft. Crypto mining is a power-intensive…
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
