TechFlow News, May 17: Thai authorities recently conducted a surprise raid on a facility suspected of operating illegal Bitcoin mining operations. The raid followed reports of abnormally high electricity consumption, which caused overheating and melting of power cables in nearby buildings. Law enforcement carried out the突击 search on a four-story commercial building.
Investigators found that the facility allegedly connected illegally to the main power grid to supply electricity to multiple Bitcoin mining rigs located on the fourth floor, resulting in an estimated electricity loss exceeding $80,000—while its registered monthly electricity bill was only around $11. Police have seized the related mining equipment and are conducting further investigations into those involved.
