Chonburi —
Authorities seized 996 Bitcoin mining machines in Chonburi for allegedly stealing massive amounts of electricity, causing damages worth hundreds of millions of baht.
Police and electricity officials seized the mining machines from a company, publicly identified by police as JIT Co., Ltd, located in Phanat Nikhom district, Chonburi, after discovering the company was illegally using a massive amount of electricity to operate a large-scale Bitcoin mining farm.
The raid took place in Na Wang Hin subdistrict on Wednesday, January 8th. Pol Maj Gen Montri Thetkhan, Commander of the Crime Suppression Division, revealed that JIT Co., Ltd. was registered as a digital asset trading business but had allegedly tampered with electricity meters to steal electricity for its mining operations. Mining Bitcoin requires substantial electricity and is highly expensive, Pol Maj Gen Montri said.
Officials also found solar panels at the company, but they were not connected to the Bitcoin mining machines. The damage to the country was estimated at hundreds of millions of baht, as cryptocurrency mining consumes significant energy.
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