Electricity Theft for Bitcoin Mining: TNB Suffers Losses
Joint Operation Uncovered
Tenaga Nasional Berhad (TNB) has suffered significant losses due to electricity theft for bitcoin mining activities between 2020 and September 2024. The losses amount to a staggering RM441,600,089.90, according to a joint operation with the Bukit Aman Criminal Investigation Department (JSJ).
Raid Statistics
The joint operation, which was conducted nationwide, resulted in a total of 2,091 successful raids between 2020 and September 2024. The breakdown of the statistics shows that 54 raids were carried out in 2020, 529 in 2021, 692 in 2022, 358 in 2023, and 458 in the first nine months of 2024.
Loss Analysis
The analysis of the losses revealed that in 2020, the total loss was RM5,922,976. In 2021, the loss was RM140,454,624, while in 2022, it was RM124,963,423. Last year, the loss was RM67,166,744, and up to September 2024, the loss reached RM103,092,322.90.
Market Analysis
Bukit Aman is currently scrutinizing the losses in 2022 and 2023 to determine whether they are due to the Bitcoin market or internal constraints. ‘This is to see whether it is due to the bitcoin market or our own constraints. If we look at the bitcoin market at that time it did decrease, so it is necessary to study whether the cryptocurrency market played a direct role,’ said Datuk Seri Mohd Shuhaily Mohd Zain.
Vehicle Donation
TNB has donated six four-wheel drive (4WD) vehicles to assist the Royal Malaysian Police (PDRM) in combatting electricity theft activities. This is not the first time that TNB has made such a contribution. In 2022, a total of nine 4WD vehicles and 25 containers to store case goods were handed over.
Cooperation
TNB and JSJ have been cooperating since 2020 to combat electricity theft activities. The joint operation is an ongoing effort to reduce electricity theft and ensure the efficient use of electricity resources.
Conclusion
The efforts of TNB and JSJ have resulted in a significant reduction in electricity theft, but more needs to be done to combat this issue. The private sector and the government must work together to address the root causes of electricity theft and ensure a more sustainable future for the country.
FAQs
Q: What is the total loss suffered by TNB due to electricity theft for bitcoin mining activities?
A: The total loss is RM441,600,089.90.
Q: How many raids were carried out nationwide between 2020 and September 2024?
A: A total of 2,091 raids were conducted.
Q: What is the breakdown of the statistics in terms of the number of raids carried out in each year?
A: 54 raids were carried out in 2020, 529 in 2021, 692 in 2022, 358 in 2023, and 458 in the first nine months of 2024.