Authorities in Thailand have seized 996 Bitcoin miners from a company located in the east of the country following allegations of energy theft.
The company, JIT Co, has had its mining and related devices seized following a raid on its premises in the Phanat Nikhom district of Chon Buri on Wednesday.
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The company is registered to engage in digital asset trading, but its excessive power consumption patterns raised concerns, according to Pol Maj Gen Montree Theskhan, commander of the Thai police's Crime Suppression Division.
The raid was the result of a joint effort by the CSD and the Provincial Electricity Authority, which discovered the company had manipulated its energy meter to mine Bitcoin and avoid paying for electricity consumed.