Thai Authorities Raid Illegal Bitcoin Mining Operation

Thai authorities have conducted a raid on a suspected illegal Bitcoin mining operation, according to ChainCatcher. The operation was discovered in a four-story commercial building after unusually high electricity consumption caused nearby building cables to overheat and melt. Investigations revealed that the site was illegally connected to the main power grid, supplying electricity to multiple Bitcoin mining machines on the fourth floor. The estimated power loss exceeds $80,000, while the registered monthly electricity bill was only about $11. Police have seized the mining equipment and are conducting further investigations into the individuals involved.