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Malaysia seized 75,000 mining rigs. The grid wars are real

News Snapshot:

In one hemisphere, Bitcoin miners are signing $6.6 billion leases with tech giants. In the other, police are crushing their machines with steamrollers. The same hardware, the same algorithm, the same electricity hunger, and two opposite fates decided by one variable: the price of power. Summary Malaysian authorities have seized 75,578 crypto mining machines in 3,049 raids between 2022 and May 2026, with 629 arrests, the deputy home minister told parliament, in a campaign run with police and the national utility. The target is not crypto but electricity theft: miners bypassing meters and tapping power lines, with losses the energy…

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