Thai Authorities Uncover Massive Bitcoin Mining Scheme Amid Power Outages
Thai officials have uncovered a significant Bitcoin mining operation in Ratchaburi after residents reported frequent power outages.
The raid, conducted by local police and the Provincial Electricity Authority (PEA), targeted a house suspected of hosting an illegal mining setup.
The operation was draining an unusually high amount of electricity while paying insufficient bills. Authorities found extensive mining equipment and noted that the energy consumption far exceeded the property’s electricity payments.
The illegal mining operation had been running for months, causing blackouts that disrupted the local community. The raid faced obstacles, including initial entry denials and equipment removal before the warrant was executed. No arrests were made, as the suspects had likely fled.
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This is the fourth such raid in Ratchaburi this year. Thailand, a major player in cryptocurrency adoption, continues to grapple with illegal mining issues despite its growing digital asset market.
The government is also advancing digital currency initiatives like the $12.4 billion “Digital Wallet” program for low-income individuals, even though cryptocurrencies remain classified as digital assets rather than legal tender.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
