Mexico Raids Cartel-Linked Crypto Farm Over Power Theft

3 hours ago 2

Rommie Analytics

Key Takeaways

  • Authorities found a remote crypto farm.
  • Electricity theft remains the core allegation.
  • Hardware does not identify the mined asset.
  • Cartel and laundering links remain unproven.
  • Wallet records could determine the case.

Authorities are investigating an alleged power-theft operation

Authorities in Puebla dismantled a cryptocurrency facility near the Nuevo Necaxa hydroelectric system in the Sierra Norte region. Reuters reported that the site contained around 300 graphics processing units, medium-voltage equipment and satellite antennas.

Authorities are investigating whether the site was connected illegally to nearby power infrastructure. If confirmed, stolen electricity would lower the cost of running the machines, allowing the operator to retain mining rewards without paying what is usually one of the largest recurring expenses.

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