Mexico seizes crypto mining farm with 1,032 units

Mexican authorities seized a cryptocurrency mining facility in Puebla state as part of an investigation into suspected electricity theft and money laundering. A September 11 search found 1,032 mining units, 95 network switches, five transformers and antennas; officials suspect backing from a well-financed group such as a major cartel.

• September 11 search found 1,032 mining units, up from an initial estimate of ~300 GPUs
• Seized items included 95 network switches, five transformers and three satellite antennas
• Investigators are probing electricity theft from a nearby hydroelectric dam and money laundering
• It is the fourth such mining operation uncovered in the area since early 2025