Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, March 14
    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

    Bitcoin vs. Solana: Which Crypto Is the Better Buy Right Now?

    March 13, 2026
    Bitcoin

    Metaplanet Expands Bitcoin Strategy with New Venture Firm

    March 13, 2026
    Bitcoin

    Federal Reserve Basel III Plan Gives BTC a 1250% Risk Weight

    March 13, 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
    Investing

    EUR/USD Rally Gains Traction on Dollar Weakness — Momentum Points to 1.17 Breakout

    December 3, 2025
    Bitcoin

    Metaplanet Inc. lance une filiale américaine pour la trésorerie Bitcoin

    May 1, 2025
    Stock Market

    Closing Bell: Sensex flat, Nifty above 25,750; realty, telecom top hits

    November 2, 2025
    What's Hot

    How War, Tariffs, And Oil Are Shaping The Bitcoin Price

    March 12, 2026

    Bitcoin Near $92K as Chart Turns Cautiously Bullish: But For How Long?

    January 13, 2026

    London Stocks Dip Despite Weekly Gains On Rate Cut Hopes

    October 18, 2024
    Most Popular

    Bitcoin’s Bear Market?

    November 25, 2025

    Golden Age of UK property investment is over – research

    July 2, 2025

    Fed Delivers Insurance Cut but Job Market Crosswinds Remain

    September 17, 2025
    Editor's Picks

    Bitcoin Bear Market 2026: Is $45K the Bottom?

    February 27, 2026

    Du monde de la finance à l’écriture : Anna Vassileva publie son premier roman

    June 11, 2025

    Five signs it may be time to own property in Spain (even before retirement) – The Upcoming

    April 25, 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.