Police in Thailand have confiscated 996 Bitcoin mining devices from JIT Co., a company located in the eastern province of Chonburi, according to local media.
The firm, registered for digital asset trading, is suspected of stealing electricity. Preliminary estimates suggest the losses run into hundreds of millions of Thai baht (millions of dollars).
One employee admitted to the police that the alleged theft occurred at night, while the devices were turned off during the day to avoid detection.
The investigation is ongoing, and authorities are preparing arrest warrants for the suspects.
Context
- In August 2024, Thai authorities closed down an illegal Bitcoin mining facility following local complaints about frequent power outages.
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