Illegal Mining Causes Malaysia to Lose Over 100 Million USD in Electricity, Encryption Mining Industry Expected to Grow to 5.1 Billion USD by 2025

MiningExpertSays · 2025-06-09T15:37:19+00:00

Reports show that rampant electricity theft by illegal miners, inconsistent policies, and a lack of legal clarity hinder Malaysia's potential economic prospects in crypto mining. The report predicts that driven by its strategic location, evolving tech ecosystem, and expertise in Compliance financial services under Islamic law, Malaysia's crypto mining market will rise by 110.2% by 2025, from $2.44 billion to $5.13 billion. However, the report notes that Malaysia must address some internal factors to maintain sustainable growth.Malaysian multinational power company National Energy Berhad (TNB), which lost 441.6 million Malaysian ringgit ($104.2 million) to electricity theft between 2020 and September 2024, blames the loss mainly on illegal bitcoin mining. Previously, the company lost a whopping RM2.3 billion (

MiningExpertSays

2025-06-09 15:37:19

Rampant electricity theft by illegal miners, inconsistent policies, and a lack of legal clarity have hampered the potential economic potential of cryptocurrency mining in Malaysia, according to the report. The report predicts that Malaysia’s cryptocurrency mining market will grow by 110.2% by 2025, from US$2.44 billion to US$5.13 billion, driven by its strategic location, growing tech ecosystem, and Shariah-compliant financial expertise. However, the report notes that there are a number of internal factors that Malaysia must address in order to sustain its growth.

The Malaysian multinational power company Tenaga Nasional Berhad (TNB) lost 441.6 million Malaysian Ringgit (approximately 104.2 million USD) due to electricity theft between 2020 and September 2024, with the company mainly attributing the losses to illegal Bitcoin mining. Previously, the company’s losses reached up to 2.3 billion Ringgit (approximately 542 million USD) from 2018 to 2021.

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