Thailand shuts down illegal Bitcoin mine worth 70 million baht

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.

At 11am on May 1, authorities, including, the Chief of the Samut Sakhon City Police, along with his deputies and investigative officers, Police Connolel Phichetphong Jangkhaikhom, executed a search warrant at the deserted factory located in the Tha Chin area of Mueang district, Samut Sakhon province.

The raid followed intelligence that led to the discovery of a large-scale Bitcoin mining operation illegally tapping electricity.

Upon arrival, the police found one