Thailand Raids Illegal Bitcoin Mining Site, Electricity Loss Exceeds $80,000

BlockBeats News, May 17th - Recently, Thai authorities conducted a sudden inspection of a suspected illegal Bitcoin mining site. Due to abnormally high power consumption causing the melting of nearby building cables, law enforcement officers carried out a raid on a four-story commercial building.

The investigation revealed that the site was illegally connected to the main power grid to supply power to multiple Bitcoin mining machines on the fourth floor, resulting in an estimated power loss of over $80,000, while the registered monthly electricity bill was only about $11. Currently, the police have seized the related mining equipment and are conducting further investigations into the individuals involved.