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Deep Tide TechFlow News, May 17 — Recently, Thai authorities conducted a surprise raid on a suspected illegal Bitcoin mining site. Due to abnormally high electricity consumption causing surrounding building cables to overheat and melt, law enforcement officers carried out a raid on a four-story commercial building.
The investigation revealed that the site was suspected of illegally connecting to the main power grid, supplying power to multiple Bitcoin mining machines on the fourth floor, resulting in an estimated power loss of over $80k, while its registered monthly electricity bill was only about $11. Currently, the police have seized the relevant mining equipment and are conducting further investigations on the individuals involved.