Hidden crypto farm in Mexican mountains puts spotlight on cartel funding
- A secret cryptocurrency mining farm was discovered in the mountains of Central Mexico near small communities in Puebla state, notable for its loud noise and high electricity use.
- The mining farm uses hundreds of computers and specialized equipment including 300 graphics processing units, 80 medium-voltage terminals, and satellite antennas designed to generate cryptocurrency.
- Authorities believe the site indicates involvement by organized crime groups in expanding into financial crimes such as cryptocurrency laundering.
- There is an ongoing investigation into whether electricity was stolen from a hydroelectric dam to power the mining operation.
17 Articles
17 Articles
The discovery of a clandestine currency mining farm in Mexico reveals the expansion of organized crime towards digital assets, with suspicions of money laundering and electricity theft to reduce the costs of mining operations.
Authorities located in Tlaola, Puebla, a farm with at least 300 computer equipment allegedly used to mine cryptocurrencies.
The Independent
The Independent (US)Police find cartel crypto farm hidden in Mexican mountains
It is the fourth crypto farm uncovered in the area since early last year
Hidden crypto farm in Mexican mountains puts spotlight on cartel funding
By Sarah Morland and Daniel Becerril TLAOLA, Mexico, Sept 12 (Reuters) - Nestled in the lush green mountains of Central Mexico, next to a sparsely traveled gravel road, few people had reason to wander close enough to hear the loud, mechanical whirring ...
Mexican Police Uncover a Cartel-Financed Bitcoin Mine in Puebla
Mexican police dismantled a 300-GPU bitcoin mining farm hidden in the Sierra Norte mountains of Puebla, allegedly financed by a cartel and run on electricity stolen from the Nuevo Necaxa hydroelectric dam. It's the fourth such operation found in the region since 2023, and analysts say it shows how cheap stolen power turns mining into a near cost-free laundering tool.
Mexico's Cartel-Linked Crypto Mine Ran 300 Machines Off a Stolen Hydroelectric Grid
Mexican police pulled back the curtain on a 300-machine cryptocurrency mining farm buried in the Sierra Norte mountains of Puebla… Read the original on Massive 300-Machine Crypto Mine Exposed as Cartel-Backed Operation in Mexico. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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