Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, March 28
    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 miners are becoming AI companies and selling their BTC to fund the transition

    March 27, 2026
    Bitcoin

    Morgan Stanley files for cheapest Bitcoin ETF

    March 27, 2026
    Bitcoin

    Bitcoin Slumps Toward $65,000 Amid Geopolitical Tensions, Massive Options Expiry

    March 27, 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
    Property

    Elderly Woman’s Property Seized by Gang in Pune, Threatened Upon Return from USA

    July 13, 2024
    Bitcoin

    Anthony Scaramucci Predicts When Bitcoin Price Rally Will Actually Begin

    March 22, 2026
    Property

    Iron ore stays relevant despite China’s faltering property sector as demand drivers evolve

    May 26, 2025
    What's Hot

    World Intellectual Property Day 2025: History, Significance, Theme And More

    April 25, 2025

    Dow, S&P 500, Nasdaq futures fall as Nvidia stock weighs on tech

    April 16, 2025

    Bitcoin price and XRP Price Prediction 2026 Ahead of US Crypto Reserve, CLARITY Act

    January 2, 2026
    Most Popular

    Posséder un bitcoin est le nouveau rêve américain, explique le gestionnaire de portefeuille de bitwise

    June 15, 2025

    Fact check: In the US, is FEMA’s $750 hurricane relief a loan? | US Election 2024 News

    October 8, 2024

    TeraWulf’s record $3.2B note, miner debt tops $20 billion, Jane Street’s BitFarms and Cipher position, and why AI companies are buying jet engines

    October 24, 2025
    Editor's Picks

    See which states has the highest property tax rates, lowest in the US

    March 14, 2025

    EUR/USD: Consolidates Inside Triangle, Break Above 1.18 Could Signal Next Rally

    August 27, 2025

    Finance gurus raise alarm over Trump’s new 401(K) rule… here’s what it means for your savings

    October 4, 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.