What is the monthly financial impact of electricity theft by crypto miners in Kota Samarahan?

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Electricity theft by crypto miners in Kota Samarahan results in substantial monthly financial losses for Sarawak Energy.

Sarawak Energy estimates monthly losses exceeding RM33,000 due to three recent cases of electricity theft by cryptocurrency mining operations in Kota Samarahan. These incidents involve direct tapping of power and were discovered during a joint enforcement operation. In 2022, similar activities in the same area led to estimated monthly losses of RM124,600.
Recent power theft by cryptocurrency miners in Kota Samarahan

Last week, three cryptocurrency mining operations in Kota Samarahan were found to be stealing electricity. A raid uncovered a total of 179 cryptocurrency mining servers. Direct tapping cables, connected from the mains supply to the premises, were discovered, dismantled, and seized along with the servers as evidence.
Significant financial losses in 2022

In 2022, eight premises in Kota Samarahan were identified for electricity theft, primarily involving cryptocurrency mining. This resulted in the seizure of over 300 mining servers and 158 servers being destroyed in two fires. The estimated monthly financial losses incurred by Sarawak Energy from these cases amounted to RM124,600.
Risks associated with electricity theft

Cryptocurrency mining is highly energy-intensive, requiring servers to run continuously and necessitating cooling systems. The non-standard installations used for electricity theft can overload electrical systems, leading to risks of short circuits, damage to appliances, fires, and potential loss of life. Those found guilty of electricity theft face charges under Section 33(5) of the Electricity Ordinance, with potential penalties of up to RM100,000 and/or five years imprisonment.

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What is the monthly financial impact of electricity theft by crypto miners in Kota Samarahan?

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