The post Thailand Authorities Shutdown Bitcoin Mining Operation for Power Theft appeared first on Coinpedia Fintech News
Thai authorities have raided a large Bitcoin mining operation in Chonburi, which was found to be illegally using electricity by tampering with power meters. The operation, which caused major financial losses estimated in the hundreds of millions of Baht, was dismantled on January 9, 2025. The mining farm had rigged its electricity meters to consume large amounts of power at night while appearing normal during the day.
During the raid, nearly 1,000 Bitcoin mining rigs were seized, with the operation carried out in collaboration with the Crime Suppression Division (CSD). The identities of the operators remain unknown, and investigations are ongoing.
Bitcoin mining requires electricity for its high-performance computers, and some miners resort to illegal activities to reduce costs. This incident is not the first of its kind in Thailand, with previous illega
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