Legit?
Electricity theft - sounds plausible.
Electricity theft is an serious issue and they were greedy and dump enough to do so,with thousand plus miners they could have earned bitcoins well enough to cover the electricity charges,but greed got the better of them
How could they actually steal electricity? Just not really paying the bills?
Yeah, maybe you are right about that but you now, a few days ago I watched a documentary about these 4 Chinese gues mining 3% of all btc and you know what do they have to pay for electricity? $80k per month! That's crazy. And it means their income is a lot more. As far as I remember, they mined 4btc per day a year ago.