Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Robinhood Chain beats Ethereum in daily revenue as memecoin trading takes over

16/09/2026

Dawn Internet Launches USD.infra Vault on Solana

16/09/2026

Saylor’s Strategy raises cash reserves to $3.225 billion, leaving bitcoin holdings unchanged

16/09/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Saylor’s Strategy raises cash reserves to $3.225 billion, leaving bitcoin holdings unchanged

    16/09/2026

    This Level Could Be Key to the Bull Season! Here Are the Details

    16/09/2026

    Which Way Will the Bitcoin Price Go in the Coming Days? Are the $80,000–$90,000 Levels on the Horizon?

    16/09/2026

    Bitcoin price hits $65K wall as stocks battle ‘record’ institutional tech sell-off

    16/09/2026

    Ethereum rallies after CPI, but ETH sellers reclaim $2.5K – What changed?

    16/09/2026

    Almost Best Ethereum Q3 in History? ETH on the Edge of Record

    15/09/2026

    Ethereum price eyes $3,000 as supply tightens – Can ETH break out?

    15/09/2026

    Ethereum’s $3,000 Push Signals Anomalous Shiba Inu (SHIB) Netflow Across Tier-1 Exchanges

    15/09/2026

    Donald Trump’s Company Decides to Distance Itself from Cryptocurrencies – Price of One Altcoin Plummets

    16/09/2026

    Has Cardano (ADA) Hit Bottom? Analysis Firm Reports – Here’s the Latest Situation

    16/09/2026

    AVAX One holds $88 million in Avalanche tokens, but its lender only wants cash or Bitcoin

    16/09/2026

    Community Veteran Calls Out Outdated SHIB Link

    16/09/2026

    Pixelmon shuts down game development after inconclusive publisher test

    15/09/2026

    NFT sales rise 6.8% to $46.8M as Bitcoin trades surge

    12/09/2026

    NFT sales surge 55.6% as BNB Chain overtakes Ethereum for first time

    06/09/2026

    OpenSea Users Demand ETH/USD Switcher Amid Frustration

    05/09/2026

    Robinhood Chain beats Ethereum in daily revenue as memecoin trading takes over

    16/09/2026

    Dawn Internet Launches USD.infra Vault on Solana

    16/09/2026

    Saylor’s Strategy raises cash reserves to $3.225 billion, leaving bitcoin holdings unchanged

    16/09/2026

    PancakeSwap Announces Infinity as Default Platform

    16/09/2026
  • Blockchain

    Dawn Internet Launches USD.infra Vault on Solana

    16/09/2026

    AnsetaHQ Sheds Light on Validator Operations Impacting

    16/09/2026

    LayerZero’s Jeroen Gillekens Talks Chain Interoperability

    16/09/2026

    Velodrome to Merge with Aerodrome, Launching Aero

    16/09/2026

    What Is a AI Memecoin Launchpad and How Is MemeToro Building One on BNB Chain?

    15/09/2026
  • DeFi

    PancakeSwap Announces Infinity as Default Platform

    16/09/2026

    Arbitrum Announces Tokenized Stocks as DeFi Milestone

    16/09/2026

    DeFi governance gap allows one wallet to request 98% of Ampleforth treasury’s USDC balance

    16/09/2026

    Did crypto’s $20 Billion DeFi surge just get stolen by price inflation?

    16/09/2026

    Aave Announces Governance Proposal for Custodied Collateral

    16/09/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    Swift’s $1.5 quadrillion network faces a blockchain test

    16/09/2026

    The next trillion-dollar currency may not be a stablecoin — it might not even have a name yet

    16/09/2026

    Bitcoin ETFs Snap 9-Day Streak With $202M Exit as Ether Gains $102M

    16/09/2026

    Will the Fed Raise Interest Rates in September? The Latest Probability Figures Are In

    16/09/2026

    Tokenized stock transfer volume jumps 415% in 30 days to $29.5B

    16/09/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Robinhood Chain beats Ethereum in daily revenue as memecoin trading takes over

    16/09/2026

    OKX’s 46th Proof of Reserves Reveals $22.96B in Assets

    16/09/2026

    Binance Leads Major Exchanges with $8.9B Weekly Net Inflow

    16/09/2026

    HTX Restores Services After DDoS Attack; Justin Sun Confirms No User Assets Affected

    16/09/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    More Bitcoin miners completely exit hashrate lane as AI, HPC cash continues to flow

    16/09/2026

    Bitcoin needs to reach $82,900 to outrun a looming miner margin squeeze

    15/09/2026

    Bitcoin Miners Find Their Power Is Worth More to AI

    15/09/2026

    Bitdeer secures 10-year AI data center deal in Malaysia

    15/09/2026

    CLARITY Act faces defeat as Senate ethics fight deepens

    16/09/2026

    Italy’s central bank orders sanctions screening for crypto transfers

    16/09/2026

    The CLARITY Act just ran out of calendar and crypto regulation may not recover until 2028

    16/09/2026

    Kalshi court split could fragment US prediction markets: expert

    16/09/2026

    Robinhood Chain beats Ethereum in daily revenue as memecoin trading takes over

    16/09/2026

    Dawn Internet Launches USD.infra Vault on Solana

    16/09/2026

    Saylor’s Strategy raises cash reserves to $3.225 billion, leaving bitcoin holdings unchanged

    16/09/2026

    PancakeSwap Announces Infinity as Default Platform

    16/09/2026
  • MarketCap
NBTC News
Home»Mining»Thailand cracks down on crypto mining, uncovers $1.2M electricity theft
Mining

Thailand cracks down on crypto mining, uncovers $1.2M electricity theft

NBTCBy NBTC22/06/2026No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Thai authorities raided 14 sites across five northeastern provinces on June 21. The authorities recovered 315 illegal Bitcoin mining rigs during the operation. The authorities also claimed illegal miners had accumulated over $1.2 million in stolen electricity bills.

The authorities raided Ubon Ratchathani, Yasothon, Amnat Charoen, Roi Et, and Maha Sarakham provinces, which make up Thailand’s Isan region. The investigators discovered that the operators had tampered with electricity meters and tapped into the grid illegally to keep the rigs running.

In total, the authorities determined that the miners stole over 40.38 million baht, down to 5.38 million baht in penalties for the electricity violations themselves and roughly 35 million baht in unpaid power charges

[Update] Authorities said a broader crackdown on illegal cryptocurrency mining operations has resulted in raids at 14 locations across five northeastern provinces, with 315 mining machines seized and total losses estimated at 40.38 million baht.

The operation, carried out by the…

— Thai Enquirer (@ThaiEnquirer) June 20, 2026

Crypto mining is a major source of Thai power theft

Thai Deputy Government Spokesperson Lalida Periswivattana said they noticed abnormal electricity consumption patterns in the region and took an interest. Coupled with consistent power outages, the authorities were convinced that illegal mining was taking place in the region.

Isan is among Thailand’s less developed regions, with cheaper land and less stringent utility oversight than in the country’s industrial centers. Such conditions make it an easy place for off-grid mining setups to go unnoticed for a while.

Thai authorities have handled several such cases before. This recent arrest is at least the fourth documented meter-tampering bust in the region in the past 18 months.

In January, police in Chon Buri seized 996 mining rigs from a company called JIT Co. that had been running its meters straight during the day and switching to illegal taps at night. The authorities revealed total estimated losses in the hundreds of millions of baht. Smaller busts later followed in Nan and Pathum Thani earlier this year.

In December, Thailand’s Department of Special Investigation also raided seven mining operations in Samut Sakhon and Uthai Thani, seizing 3,642 rigs valued at an estimated $8.6 million. Thai investigators traced the operation to Chinese transnational scam networks operating out of Myanmar, with financial transactions totaling more than $143 million flowing through the setup.

Underground mining drives up electricity costs in Southeast Asia

The UN Office on Drugs and Crime warned in April that transnational criminal groups across East and Southeast Asia are using illegal crypto mining as a tool to launder billions in illicit proceeds. The criminal groups are allegedly turning stolen power into “clean,” freshly mined coins.

The Mining rigs double down as a means to generate revenue while also integrating dirty money into the system through a process that, on paper, looks like ordinary network activity.

Still, within South East Asia, Malaysia’s state utility, Tenaga Nasional Berhad, has reported that illegal crypto mining has drained roughly $1.1 billion worth of electricity from its grid over the past five years, and Malaysian authorities have started deploying drones with thermal imaging to track down hidden rigs

Although Thailand has a well-developed framework for crypto exchanges and token offerings through its Securities and Exchange Commission, the physical infrastructure of mining largely falls outside that system’s reach.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

More Bitcoin miners completely exit hashrate lane as AI, HPC cash continues to flow

16/09/2026

Bitcoin needs to reach $82,900 to outrun a looming miner margin squeeze

15/09/2026

Bitcoin Miners Find Their Power Is Worth More to AI

15/09/2026

Bitdeer secures 10-year AI data center deal in Malaysia

15/09/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Robinhood Chain beats Ethereum in daily revenue as memecoin trading takes over

16/09/2026

Dawn Internet Launches USD.infra Vault on Solana

16/09/2026

Saylor’s Strategy raises cash reserves to $3.225 billion, leaving bitcoin holdings unchanged

16/09/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.