Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown
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Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises…
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The Malaysian police are destroying Bitcoin mining rigs as part of a broader crackdown on crypto miners who steal electricity for their operations. A report from local media, Malaysia Gazette, disclosed that the police headquarters in the Perak District crushed 985 mining rigs worth RM1.98 million ($452,500) earlier this week.…
Pakistan is working towards becoming a haven for crypto mining. One way it plans to achieve this feat is to introduce special electricity tariffs that will leverage the country’s excess energy generation capacity. Transforming Pakistan’s Liabilities to Assets Local news outlet Dawn reported that Pakistan’s Power Division has begun to…