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How a Malaysian Utility Is Trying to Stop Illegal Bitcoin Mining

  • Tenaga Nasional seeks tariffs, ways to apply for legal supply
  • Power theft between 2018 to 2021 estimated at $550 million

Power theft in Malaysia for cryptocurrency mining is a problem that’s growing quickly. But the national utility has a few ideas of how to tamp down the practice.

Tenaga Nasional Bhd. has proposed a special tariff for Bitcoin mining operators in a move to fight electricity theft, its top executive said on Thursday. It has also proposed that the Energy Commission encourage Bitcoin mining operators to apply for legal electricity supply.