Thai PBS Thai PBS
PM: Illegal Bitcoin mining threatens power grid security

PM: Illegal Bitcoin mining threatens power grid security

15 Sept 03:31 Key points summarised by AI
  • Prime Minister Anutin announced the seizure of over 1,900 illegal Bitcoin mining machines, valued at 200 million baht, during coordinated raids in Samut Sakhon and Nakhon Pathom.
  • These illicit operations caused an estimated 280 million baht in damages by stealing electricity from the Provincial Electricity Authority (PEA), leveraging the energy-intensive nature of crypto mining.
  • The PM asserted that illegal Bitcoin mining directly threatens the security of the electricity grid and public confidence, ordering authorities to dismantle the transnational criminal network.
  • The government plans to tighten regulations, including instructing the Finance Ministry and Customs Department to ban the import of Bitcoin mining equipment, to prevent further abuse of public utilities.
Read full article
Politics 1/2
Skip > Skip >