Malaysia's national utility firm Tenaga Nasional incurred losses of more than $1 billion (€860 million) from illegal power usage by cryptocurrency miners between 2020 and August this year, the country's Energy Ministry said earlier this month.

Malaysian police have stepped up a crackdown, conducting several raids on suspected sites since January, as part of a multi-agency operation with energy regulators and anti-graft authorities to tackle electricity theft linked to crypto mining.