A major illegal Bitcoin mining operation was dismantled yesterday when police and the Provincial Electricity Authority raided an abandoned ice factory in Samut Sakhon, Thailand, seizing equipment worth over 70 million baht.
A Myanmar national was found guarding the facility, which is believed to have caused the state a loss of 10 million baht per month in electricity.
The search resulted in the confiscation of substantial evidence, including 690 Bitcoin mining units with an estimated value of approximately 69 million baht, 17 HUB machines, one electrical transformer with a capacity of 2500 kVA valued at around 1 million baht, two notebook computers, and 24 aluminium electric cables, each 30 metres long, worth roughly 500,000 baht in total.
The total value of the seized property is approximately 70 million baht.
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