According to a Bangkok Post report, Thai police and relevant government agencies carried out a joint operation across five provinces in the country’s northeast. The operation involved raids on 14 locations, where authorities seized 315 cryptocurrency mining machines.
The report said the machines were suspected of being operated through illegal electricity connections and tampered power meters. The case centers on mining equipment allegedly running without electricity being properly recorded and paid for under the required procedures.
Power Losses Estimated at 40.38 Million Baht
The total electricity-related losses disclosed in the operation were estimated at about 40.38 million baht, equivalent to roughly 8.3 million yuan. That figure includes 5.38 million baht in penalties for electricity violations and about 35 million baht in unpaid electricity bills.
Cryptocurrency mining machines generally consume electricity continuously while operating, making power costs a major expense for mining activity. In this case, the focus of the Thai multi-agency action was not cryptocurrency trading itself, but the source of electricity used by the machines, the meter records, and the unpaid power charges identified in the report.