Thailand raids illegal Bitcoin mining site, resulting in over $80,000 in power losses.

CoinFeed reported on May 17th that, according to Khaosod English, Thai authorities raided a suspected illegal Bitcoin mining site. Due to abnormally high power consumption causing nearby building cables to overheat and melt, law enforcement officers conducted a raid on a four-story commercial building. The investigation revealed that the site was suspected of illegally connecting to the main power grid to power multiple Bitcoin mining rigs on the fourth floor, resulting in an estimated power loss of over $80,000, while its registered monthly electricity bill was only about $11. Currently, police have seized the mining equipment and are conducting further investigations into those involved.