Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, October 18
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Malaysian Police Crushed Hundreds of Bitcoin Mining Rigs With a Steamroller
    Bitcoin

    Malaysian Police Crushed Hundreds of Bitcoin Mining Rigs With a Steamroller

    August 20, 20242 Mins Read


    Malaysian authorities crushed 985 Bitcoin mining rigs on Monday amid a countrywide crackdown on electricity theft, which is sometimes associated with crypto miners.

    The circulating video shows a heavy-duty steamroller slowly making its way over the mining rigs, in an attempt to destroy them—although many appear to have survived at least the first round shown in the embedded tweet video below.

    An estimated 1.98 million RM ($450,000) worth of equipment was disposed of during this operation led by the Perak District Police Headquarters, per a report from the Malaysia Gazette.

    The destruction of seized property comes as the Malaysian government attempts to crack down on electricity theft.

    Bitcoin mining is an energy-intensive activity that can rack up electricity bills to the dismay of those paying them, but also climate activists. Margins for Bitcoin miners are slimmer than ever, with the stress apparently causing some Malaysian miners to try and reduce their expenses in creative ways.

    Over a five-year period, Malaysia saw 3.4 billion RM ($776 million) worth of electricity stolen by crypto mining groups, the Deputy Energy Transition and Water Transformation Minister Akmal Nasrullah Mohd Nasir told local media. 

    In a 2020 case, police explained that this was done through “illegal wiring” that circumvented the meter. This caused two mining operations to have a maximum electricity bill of just $14.48, despite allegedly stealing over $600,000 worth of power in the process.

    All of the recently destroyed miners were the result of a year’s worth of raids carried out in Seri Iskandar, a town located nearly three hours from the country’s capital city Kuala Lumpur.

    Last week, seven people were arrested due to their involvement in Bitcoin mining activities in two towns near the capital city. “The special ops aimed to detect illegal Bitcoin mining activities that involve electricity theft,” Sepang District Police Chief ACP Wang Kamarul Azran Wan Yusof said in a statement.

    Malaysian authorities have been fighting this battle for years, and this isn’t the first time we’ve seen such an outcome. Back in 2021, some 1,069 Bitcoin miners were similarly crushed with a towering steamroller after being linked to electricity theft. In that case, six individuals were arrested, fined, and jailed for up to eight months.

    Edited by Andrew Hayward

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleS&P/TSX composite moves lower Tuesday, U.S. stock markets also down
    Next Article Investors are quietly scooping up 1 in every 6 single-family homes

    Related Posts

    Bitcoin

    Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush

    October 9, 2026
    Bitcoin

    Bitcoin news: The last time this happened to BTC, it was 2012 – CoinDesk

    September 23, 2026
    Bitcoin

    Bitcoin hits highest level since January at $85,000, as the market debates whether the 'crypto winter' is over – CNBC

    September 21, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    This Week in Coins: Sideways Days Slide into a Bitcoin Rise

    August 24, 2024
    Investing

    Gold Maintains Bullish Control While Resistance Bands Come Into Focus

    February 10, 2026
    Bitcoin

    Le bitcoin tient près de 96 000 $ comme indicateurs clés Signal Potential Volatility

    February 23, 2025
    What's Hot

    Chaîne d’épicerie internationale Pilote Bitcoin Payments en Suisse en Suisse

    April 18, 2025

    steady at $58k, lags broader market recovery By Investing.com

    August 16, 2024

    : Cryptomonnaie Bitcoin Franchit le Cap Symbolique des 90.000 USD : Une Poussée Spectaculaire en Mars ::

    April 22, 2025
    Most Popular

    Bitcoin Whale Abruptly Wakes Up After Lying Low for Seven Years, Gobbles Up Ethereum After Dumping $337,000,000 in BTC: On-Chain Data

    August 23, 2025

    5 Stocks to Watch if Market Weakness Opens the Door for Better Entries

    September 3, 2026

    Bitcoin contributor fixes wallet crash bug using AI tools, exposing both promise and friction in AI-powered security

    September 5, 2026
    Editor's Picks

    Next big Cryptocurrency in DeFi? Why Mutuum Finance (MUTM) is gaining momentum among investors

    September 7, 2025

    Rightmove pushes for growth as web traffic bump signals property revival

    February 28, 2025

    Utilities give up hope on using hydrogen in their gas grids, prepare to phase out pipeline network

    December 7, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.