Authorities Discover Illegal Crypto Mining Farm in Puebla, Mexico
- A joint raid revealed a suspected illegal cryptocurrency mining farm containing approximately 300 graphics processing units (GPUs).
- The operation is under investigation for possible electricity theft from the Federal Electricity Commission’s hydroelectric infrastructure.
- Authorities are also examining whether crypto assets generated could have been used to launder illicit funds.
- The site was located near the Necaxa dam and included a transformer, about 80 medium-voltage terminals, and eight satellite internet antennas.
- Electricity theft in Mexico accounted for an estimated consumption of 6,346 gigawatt-hours valued at approximately $813 million from January to July.
This discovery highlights ongoing concerns regarding the use of cryptocurrencies by criminal organizations for money laundering and illegal activities. The investigation is part of broader efforts to combat electricity theft and illegal mining operations across Mexico.
With authorities uncovering significant infrastructure at the site, including around 300 GPUs, this case underscores the potential scale of illicit cryptocurrency operations in the region. (Source)
