Thai authorities have confiscated 1,000 Bitcoin miners due to electricity theft. The operation, located in Chonburi, Thailand, is estimated to have stolen around $3 million worth of electricity. The miners tampered with the power meter to divert electricity for their machines, operating only at night to avoid detection. The Crime Suppression Division and Provincial Electricity Authority seized 996 mining machines and plan to arrest those responsible. This incident is part of a trend in Thailand, with previous cases of large-scale electricity theft by Bitcoin miners. Despite these occurrences, Thailand's Bitcoin mining industry remains relatively small compared to other countries. Similar cases have been reported in Southeast Asia and the West, highlighting the global issue of electricity theft by cryptocurrency miners. Stacy Elliott contributed to this article. Read more AI-generated news on: https://app.chaingpt.org/news

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