<ul><li>Malaysian electric company, Tenaga Nasional Berhad (TNB), has reported losses of over $100 million due to electricity theft related to illegal Bitcoin mining.</li><li>TNB has been experiencing increasing losses year-on-year since 2020, with losses reaching RM103 million in 2023 alone.</li><li>In addition to financial losses, over $500,000 worth of electrical equipment used for illicit mining operations has been confiscated.</li><li>The Malaysian authorities are taking action against tax evasion and plan to investigate the thefts and factors contributing to the increasing loss trend.</li></ul>

$100 Million Loss: Malaysian Electric Company Hit Hard By Illegal Bitcoin Mining

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