Authorities in Thailand raided a suspected illegal Bitcoin mining site after abnormal electricity use overheated nearby cables, with investigators alleging power theft caused more than $80,000 in losses.
Thai authorities raided a suspected illegal Bitcoin mining site after abnormal power consumption caused nearby building cables to overheat and melt. Investigators found multiple mining machines on the fourth floor that were allegedly connected illegally to the main power grid. Authorities estimated electricity losses at more than $80,000, while the site’s registered monthly electricity bill was only about $11, underscoring concerns about unauthorized mining operations and damage to local infrastructure.