Mining News

TNB reports in Malaysia 4X in electricity theft

Tena Nacional Berhad (TNB), the National Electricity Provider in Malaysia, open Over the past six years, the theft of illegal bitcoin mining has increased. TNB 2,397 such cases recorded in 2023, an increase of four times from 610 cases in 2018, according to the statistics just published.

The horrific increase in the extent of national energy resources is silent through illegal encryption activities, which manages high -energy mining platforms 24/7 using huge amounts of electricity. It often denies evading the detection and circumventing reasonable electricity fees, these actions cause great losses in the tool and eventually the state.

Financial loss and national antiquities

Between 2018 and 2023, TNB is the cost of stealing electricity by illegal miners in Malaysia will be 3.4 billion Malaysian Rangeit (about 720 million US dollars). Such theft generates voltage instability, increases the risk of electrical fires, and leads to the loading of the local network, not only late invoices.

“These are not small operations,” said a TNB spokesman. “Some of the settings we found include hundreds of mining machines that operate without stopping, and they are usually in residential or commercial buildings where the tenants were tampered with illegally with the meter facilities.”

The company conducted 74 searches related to illegal mining in encryption in 2023 alone, and the confiscation of thousands of pieces of mining equipment in cooperation with the police, the Energy Committee and other organizations.

More smart tools to increase risk

TNB has put smart meters in high -risk areas to fight this increasing threat. These meters allow to track individual consumption patterns because they can send almost actual use data. Often they indicate manipulation or circumvent, nails indicate use without matching meter readings to damage.

TNB also uses predictive analyzes and techniques that artificial intelligence drives to identify potential criminal activities before they become more intense. The tool also sharpened its cooperation with local governments and law enforcement agencies, including Malaysians

Anti -Corruption Committee (Macc)

On April 30, 2025, the police closed an electrical theft union working to operate the illegal bitcoin mining operations at Hulu Terngganu and MARANG, thus witnessing one big victory.

Legal effects are widely lost

under Malaysian lawElectricity theft is a fairly dangerous crime. Under the 1990 Electricity Supply Law, the perpetrators can be fined up to one million Malaysian Rangeette or 10 years in prison or both. Many fees are also imposed under the Penal Code for property damage and theft, which requires more fines.

TNB believes that its application itself is not sufficient, given the strict restrictions. Decally a public awareness. The company obtained more than 1,600 parties in 2023 with regard to potential bitcoin mining operations; Many of these resulted in effective half statues.

Blockchain alert

Malaysia is a warning on how to impose taxes on unbridled encryption mining in national infrastructure. Organizers and energy companies have to achieve a balance between innovation and enforcement, as it calls on the nation for digital transformation and the acceptance of Blockchain.

“The encryption is not the case,” the TNB officer noted. “Every person suffers from illegal operations here. We call for responsible innovation, but must adhere to the law.

https://financefeeds.com/wp-content/uploads/2025/05/TNB.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button