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Bitcoin News

Thai Authorities Bust Illegal Bitcoin Mining Operation Causing Power Outages

Written By Iyiola Adrian Iyiola Adrian
Published 2024-08-25·Updated 2 years ago
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Thai Authorities Bust Illegal Bitcoin Mining Operation Causing Power Outages

Thai authorities have discovered an illegal Bitcoin mining operation responsible for recent power outages in a town west of Bangkok. 

According to local reports, the raid took place on August 23 after residents complained about constant blackouts that had been affecting the area for over a month. The investigation started in mid-July when locals reported unexplained power failures.

The Provincial Electricity Authority (PEA) and local police traced the issue to a house in Ratchaburi. Upon inspection, they found that the property was being used to mine Bitcoin, an activity that consumes large amounts of electricity.

Jamnong Chanwong, the district’s chief security officer, said the house’s electricity usage was unusually high, while the payments made for the electricity were suspiciously low. This suggested that the operators were stealing power to run their mining equipment. The house had been rented by a company for about four months, which matches the period when the power outages began.

Although the authorities reportedly seized the equipment, no arrests were made during the raid. It is believed that those responsible fled once they realized the investigation was closing in on them. The case remains under investigation as officials work to identify the individuals behind the operation.

Also Read: China Successfully Extradites Crypto Fraud Mastermind from Thailand

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola Adrian
By Iyiola Adrian
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Iyiola Adrian is a Crypto Analyst at The Crypto Times, based in Lagos, Nigeria. He covers daily cryptocurrency market developments, including Bitcoin and Ethereum price action, altcoin movements, on-chain trends, and fact-check reports on circulating market claims. His analysis emphasizes how African and emerging-market investor behavior interacts with global crypto flows. Before joining The Crypto Times, Iyiola was a contributor at CoinCodex, where he focused on long-form crypto analysis, project reviews, and biographical research on industry figures. He has been writing on digital asset markets continuously since 2022, and his expertise spans market research, chart pattern analysis, technical indicators, and fundamental valuation across the crypto sector. Iyiola holds a Bachelor's degree in Civil Engineering from the Federal University Oye-Ekiti, Nigeria, and is currently pursuing a Master's in Business Administration at Afe Babalola University, Nigeria.

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