Thai Authorities Bust Illegal Bitcoin Mining Ring and Seize Mining Equipment

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.

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