Malaysia is launching a major crackdown on illegal Bitcoin mining operations, aiming to curb energy theft and protect the nation’s power grid. This effort, involving government agencies like law enforcement and energy regulators, has resulted in numerous raids targeting unauthorized miners. The operation aims to stabilize energy consumption and ensure grid integrity amid significant power theft concerns. Estimated losses are exceeding $1 billion, highlighting the scale of this issue. 💰 While these actions directly impact Bitcoin mining profitability by reducing legal operation opportunities, they also contribute to a more secure grid. This crackdown underscores the growing importance of regulatory control over energy resources within the crypto sector.