Mexico seizes 300 GPUs at suspected illicit crypto farm

Mexican authorities have seized roughly 300 GPUs from a suspected illicit crypto mining farm in Puebla while investigating possible electricity theft and money laundering. Summary Mexican authorities seized roughly 300 GPUs from a suspected illicit cryptocurrency mining operation in Puebla. Investigators are examining whether the remote facility illegally drew electricity from a nearby hydroelectric dam. Authorities found eighty medium-voltage terminals, eight satellite antennas, and a transformer inside the secluded property. No cartel, cryptocurrency, wallet address, arrest, or criminal charge has been publicly identified by investigators. Chainalysis estimated illicit addresses received $154 billion during 2025, driven largely by sanctioned entities worldwide. Reuters reported on Sept. 12 that investigators discovered the operation in the mountainous municipality of Tlaola, near infrastructure connected to a hydroelectric system. The equipment included approximately 80 medium-voltage terminals, eight satellite antennas and a pedestal transformer. Authorities described the site as the fourth comparable mining operation found in the region since early 2025. No agency has publicly ...