Share this article

Malaysia Forms Air and Ground Task Force to Shutdown 14,000 BTC Mining Rigs: Bloomberg

Authorities released a report revealing 14,000 illegal bitcoin miners siphoned electricity from the national grid worth $1.1 billion since 2020.

Updated Dec 4, 2025, 3:57 p.m. Published Dec 4, 2025, 12:09 p.m.
Racks of mining machines.

What to know:

  • Malaysian authorities are using drones and police to shut down nearly 14,000 illegal bitcoin mining rigs.
  • The illegal miners have stolen $1.1 billion in electricity from the national grid since 2020.
  • This crackdown follows a 300% increase in electricity thefts between 2018 and 2024.

Malaysian authorities formed a joint task force using high-tech drones and police on the ground to find and shutdown nearly 14,000 illicit bitcoin mining rigs, according to a Bloomberg report on Thursday.

Drones hover over buildings, searching for thermal heat signatures, while police on the ground scan areas with sensors that detect illicit electricity use. Neighbors often call in complaining of strange noises, only for police officials to find crypto mining rigs.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

State-owned utility company Tenaga Nasional (TNB) recently reported that the illegal crypto miners have stolen $1.1 billion from the national grid since 2020.

"The risk of allowing such activities to happen is no longer about stealing," said Akmal Nasrullah Mohd Nasir, the deputy minister of energy transition and water transformation, who chairs the panel. "You can actually even break our facilities. It becomes a challenge to our system."

That $1.1 billion is enough to fund the basic food needs for over 567,000 people for a full year in Malaysia, based on U.S. Department of Agriculture's figures that the average Malaysian consumer spent approximately $1,940 annually on food in 2023. Alternatively, it is enough to supply electricity for a year to approximately 373,000 average-sized households in the Asian country, according to estimations by University Utara Malaysia.

This is not the first time Malaysian authorities announce a crackdown. In May, the number of electricity thefts soared by 300% between 2018 and end-2024, leading to the shutdown of nearly 2,400 illegal bitcoin mining operations.

TNB did not immediately respond to CoinDesk's request for comment.

UPDATE (Dec. 4, 13:35 UTC): Adds Bloomberg attribution to headline.

More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

More For You

Ukraine banned Polymarket and there’s no legal way for it to come back

Kyiv in Ukraine (Glib Albovsky/Unsplash/Modified by CoinDesk)

Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.

What to know:

  • Ukraine has no legal framework for Web3 prediction markets, and current legislation provides no recognition for such platforms.
  • Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.
  • Legal changes are unlikely in the near future, as Parliamentary revisions to gambling definitions are extremely improbable during wartime, leaving prediction markets in a legal deadlock.