The authorities in Thailand confiscated approximately US $8.6 million worth of cryptocurrency-mining hardware.

The haul included 3,642 mining devices (valued at roughly US $7.7 million) and additional electrical equipment valued around US $860,000.

The operation targeted seven mining sites — six in the province of Samut Sakhon and one in Uthai Thani.

⚠️ Why it matters — links to organized crime & fraud

The mining farms are reportedly connected to “Chinese transnational scam networks” operating from Myanmar.

According to investigators and cyber-crime consultants, these operations served dual illicit purposes:

Generating revenue (often via stolen electricity) through mining, and

Laundering illicit proceeds by converting them into newly minted cryptocurrency.

Many rigs were found hidden in soundproofed, water-cooled containers — a setup designed to evade detection and run mining continuously.

🌐 Broader Context: Regional Crack-down and Pattern

This crackdown is part of a larger wave of enforcement across Southeast Asia targeting illegal crypto-mining operations, often connected to fraud, power theft, and money laundering.

Previously, Thai authorities had already moved against similar operations — for example, a raid in Chon Buri confiscated almost 1,000 mining machines for electricity theft.

The rising trend shows a shift: crypto mining isn’t just a standalone issue — it’s increasingly being used as infrastructure by transnational crime syndicates.

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