Miri police have uncovered four private residences running unauthorised cryptocurrency-mining setups, resulting in roughly RM22,200 of unpaid electricity each month.
According to Miri district police chief ACP Jonathan Dan, officers launched simultaneous raids on these homes earlier this week after neighbourhood residents reported unusually high power usage. Inside, investigators discovered multiple high-performance mining rigs and dedicated cooling systems solely for digital currency production.
Tenaga Nasional Berhad engineers’ preliminary figures reveal these setups consumed an extra 180,000 kWh of electricity in April alone—equivalent to about RM22,200 in unbilled charges. Authorities have seized all mining hardware and recorded statements from the occupants, detaining three individuals for further questioning.
The suspects are slated to face charges under Section 379 of the Penal Code for theft and relevant sections of the Electricity Supply Act 1990. The probe is ongoing, and officials warn that anyone tapping into the public grid for illicit operations will be prosecuted.
📊 Miri Property Market Insight
The real estate market in Miri remains on an upward trajectory, driven by new infrastructure projects, robust oil & gas activity, a growing population, and heightened demand for both rental and resale units. Staying informed about the latest developments, price movements, and policy shifts can help buyers and investors make well-founded decisions.
💡 Implications for Buyers & Investors
Homebuyers can choose from affordable options to premium gated-and-guarded communities. Investors may secure attractive rental yields in prime locations such as Marina, Permyjaya, Taman Tunku, and city-center apartments. New project rollouts also offer early-bird pricing and developer incentives.
🔗 Useful Resources
Note: This content is automatically sourced from reliable news outlets. It serves as general information only. Readers should confirm project specifics, prices, and investment decisions with licensed agents or official developers.
📈 Looking for Ways to Grow Your Savings?
After budgeting or planning your property expenses, explore smarter investing options like REITs and stocks for long-term growth.
📈 Start Trading Smarter with moomoo Malaysia →(Sponsored — Trade REITs & stocks with professional tools)