I live in Australia, Malaysia is close (relatively). Do you have to be a dual citizen to rent a building and set up electricity accounts?
What could I get set up with 50-70k USD? Enough to be worth it?
Sorry to ask but I kind of want to expand in this way. Do you consider partnerships? 😉
You can just walk(fly) in East Malaysia and find a place to rent. Foreigners can rent. Landlord can apply for electricity in his name, later you just pay online when the bill comes.
With your investment, you'd want an industrial unit, RM2-3K per month. Plenty of space for expansion.
As for partnership, for veterans it's much more profit if you self mine.
I host for a few relatives and charge 30% commission after electricity. They don't know crypto or computers well, but like the ROI numbers. They just ship me equipment. I mine to their exchange account and end of every month money is withdrew from exchange to their bank.