Cryptocurrency premises raided for stealing electricity

Nazlin inspecting cryptocurrency mining machines during a raid on two shophouses in Iskandar Puteri.

ISKANDAR PUTERI: Two cryptocurrency mining premises here have been raided for electricity theft totalling an estimated RM2.5mil.

The raids were conducted during a joint operation led by the Energy Commission (ST) with Tenaga Nasional Berhad (TNB), Iskandar Puteri City Council and the Inland Revenue Board at the shophouses in Iskandar Puteri.

Johor ST regional director Nazlin Alim Sadikhi said TNB incurred an estimated RM80,000 in losses per month due to the electricity theft.

“We found that illegal wiring was installed so that electricity was supplied directly and not through the TNB meter.

“The first premises is believed to have been operating for three years while the second premises for two years, ” she said after the raid, adding that electricity bills for the two premises were only about RM30 to RM60 a month.

“We found 100 mining machines in the first premises and another 48 in the second premises, ” said Nazlin.

She said that the machines operated round-the-clock and involved high energy consumption.

She added that ST would conduct further investigations under Section 37 of the Electricity Supply Act 1990.

If found guilty, the culprits could be fined a maximum of RM1mil or 10 years jail or both.

Nazlin reminded landlords who rented out their properties to be alert and report such activities to avoid problems.

TNB South special engagement against losses team engineer Mohd Satari Mohamad said some 288 cryptocurrency mining premises had been raided in Johor since 2018, including about 90 premises this year.

“In most cases, the owners of the premises were in cahoots with the cryptocurrency mining operators.

“They have similar operation methods where they have illegal wiring installed to the mining machines to illegally draw electricity supply, ” he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Metro News

Go-karting’s power to thrill draws enthusiasts to rooftop circuit
Fish handout to help needy
Clean up, deepen rentention pond near Mandarin Park, say residents
Condo project alarms Taman U-Thant residents
‘Turn Gawai Bazaar site into Dayak food court’
Health and beauty retailer opens first drive-through store in Taman Daya
Streamlining business licence application process
New weekly show to dazzle visitors
Digging deep into urban farming
Women leaders honoured at gala dinner

Others Also Read