Mexican Authorities Bust Massive Crypto Mining Farm Powered by Stolen Electricity

A large-scale clandestine cryptocurrency mining operation was discovered in Puebla, Mexico, with 300 computers illegally connected to a federal hydroelectric dam. The raid uncovered stolen transformers and equipment, prompting investigations into potential money laundering and other illegal activities. Mexican authorities have dismantled a massive clandestine crypto mining farm in Puebla, equipped with around 300 computers and allegedly powered through stolen electricity linked to a federal hydroelectric complex. The facility, discovered in Tlaola on Sept. 8, was illegally connected to infrastructure associated with the Nuevo Necaxa hydroelectric dam. Investigators seized transformers, medium-voltage equipment, and computers during the raid, while authorities expanded their search to nearby municipalities. The specific cryptocurrencies mined are unknown, but the operation may have been involved in money laundering. This incident follows previous busts in Puebla and Tlaxcala, highlighting the global issue of illegal crypto mining, which has also cost Malaysia over $1 billion in lost revenue