Indonesia Cracks Down on Bitcoin Miners Stealing $10 Million Worth of Electricity
Dec 30, 2023
Indonesian authorities raided places in Medan, North Sumatra, over Christmas, finding 1,314 Bitcoin mining machines and arresting 26 people. These individuals are suspected of stealing electricity from the national grid, resulting in losses of about $10 million over six months. In Indonesia, electricity theft is a crime punishable by up to five years in prison or fines double the unpaid electricity charges.