Bitget Thailand Block Set for Dec 5 After SEC Complaint
The Bitget Thailand block starts on December 5. Thailand’s securities regulator filed a criminal complaint against BG Limited, Bitget’s operator, for running without a licence. Cointelegraph reported that the SEC told the digital economy ministry to block the website, related domains and mobile app.
What the Bitget Thailand block covers
The SEC says Bitget offered trading services to Thai users between 2022 and 2025, charged fees and promoted itself in Thai. In its view, that broke the digital asset licensing rules. The regulator told users to deal with any assets on the platform before the deadline. Prosecutors will decide on charges, and courts will decide guilt. Bitget did not immediately respond to Cointelegraph.
The complaint also names a Thai promoter, Kritsana Kritsananuwat, who the SEC says helped promote Bitget on Facebook and YouTube. Notably, the SEC filed a similar complaint against him in March 2025 over OKX.
Why the Bitget Thailand block timing stands out
On October 20, Bitget said it planned to buy GMO-Z.com Cryptonomics, a licensed Thai exchange. That deal still needs regulatory approval. The complaint came 16 days later. Therefore, Bitget now has a licensed route in the works and an unlicensed one being shut down. Thailand tightened its rules in April 2025 to cover foreign platforms that target Thai users, and a cybercrime law change made blocking easier.
This is not new for Thailand. In 2025 it moved to block exchanges such as Bybit and OKX in the same way. Still, the pattern holds. After the Binance hack, regulators are watching exchanges closely, and we covered the Binance hack earlier.
Meanwhile, bitcoin trades near $76,002. See the bitcoin price prediction page for the daily ranges.
Miner math: does an exchange ban touch your S19?
Here is the live maths on November 5. Bitcoin is $76,002 and the network is 1015 EH/s, so hashprice is about $33.95 per petahash per day. That is what one PH/s of hashing earns before power.
| Machine | 5c/kWh | 8c/kWh | 12c/kWh | Break-even |
|---|---|---|---|---|
| Antminer S19 (95 TH/s, 3250 W) | -$0.67 | -$3.01 | -$6.13 | 4.1c |
| Antminer S19k Pro (115 TH/s, 2645 W) | $0.73 | -$1.17 | -$3.71 | 6.1c |
| Antminer S19 XP (141 TH/s, 3010 W) | $1.17 | -$0.99 | -$3.88 | 6.6c |
| Antminer S21 Pro (234 TH/s, 3510 W) | $3.73 | $1.20 | -$2.17 | 9.4c |
Numbers are profit per day after electricity, at the three power prices shown. Break-even is the most you can pay per kilowatt-hour before the machine loses money. Specs are the manufacturer ratings; network data comes from mempool.space. Try your own power price in our free bitcoin mining profit calculator. See what these machines really sold for in our used ASIC miner price index. Want to run the same numbers on a machine you can buy today? See our used ASIC miners, or buy several at once through bulk lots.
If exchange crackdowns add to the sell-off and bitcoin falls another 5%: the break-even power price on an S19k Pro falls from 6.1 to 5.8 cents per kilowatt-hour. At 8 cents, daily profit goes from -$1.17 to -$1.37.
The blunt answer for miners
A block on one exchange in one country does not touch the network. Hashrate sits near 1015 EH/s and miners keep finding blocks. However, it is a reminder to keep mined coins in your own wallet and not on an exchange you might lose access to. If you mine in Thailand, check where you sell. We would also check the licence status of any exchange before moving coins to it.
To size up a machine, use our mining economics guides, or browse the miners in stock.
-Nick
ING Mining
This is general information, not financial advice. Crypto is volatile, and exchanges can fail. Please do your own research.
How this story was made: drafted with the help of AI tools from public sources, then edited by Nick Squires. See our editorial policy. Spot an error? Email ns@ingmining.com.