Bangkok, December 4, 2025: Thai authorities have uncovered a massive cryptocurrency scandal after raiding seven bitcoin mines worth an estimated B300 million.
Officials revealed that the facilities were allegedly operated by Chinese scam gangs based in Myanmar, raising alarm over transnational crime networks exploiting Thailand’s infrastructure.
Thai Officials Link Bitcoin Mines to Chinese Scammers
The Department of Special Investigation (DSI) confirmed that raids took place across Samut Sakhon and Uthai Thani provinces.
Investigators seized 3,642 mining devices valued at B270 million, along with electrical equipment worth another B30 million.
Most of the machines were installed in soundproof containers equipped with water-cooling systems, designed to run undetected.
Crime Gangs and Financial Scale
Authorities believe the bitcoin mines were generating income for Chinese scam gangs operating out of Myanmar. Detectives estimate that the criminal network had accumulated financial transactions exceeding B5 billion.
The scale of the operation highlights how cryptocurrency mining is increasingly being used to launder money and fund illegal activities across borders.
DSI Investigation and Government Response
“We are expanding our investigation and have already requested cooperation from the Chinese government,” said a DSI spokesperson.
Prime Minister Anutin Charnvirakul vowed tougher action, stating, “There will be no leniency for scammers. Thailand will fight transnational crime with full force.”
Source and Industry Impact
According to the Bangkok Post, producing one bitcoin requires approximately 155,000 kilowatt-hours of electricity. At an average cost of 4 baht per unit, this equates to nearly B620,000 per coin.
Analysts warn that such illegal mining operations not only drain national resources but also undermine legitimate crypto businesses in Thailand.
The raids have sparked debate about stricter regulation of cryptocurrency mining and cross-border cooperation to dismantle scam networks.
With billions at stake, Thai officials are determined to prevent the country from becoming a hub for illicit digital operations.
