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Mexican cartel crypto farm seized in mountain raid — 300 GPUs, satellite links, and industrial transformers tapped hydroelectric power

Mexican cartel crypto farm seized in mountain raid — 300 GPUs, satellite links, and industrial transformers tapped hydroelectric power

There is increasing evidence that Mexican drug cartels are diversifying into cryptocurrency mining and are using crypto platforms to diversify their income and, at the same time, launder their ill-gotten gains and fund other illegal activities. Reuters reports that local Mexican police uncovered a clandestine cryptocurrency farm in Tlaola, a town located in the leafy mountains of Puebla’s Sierra Norte region. They found 300 GPUs, electricity infrastructure, and satellite equipment. The electricity-hungry operation likely drew power by secretly tapping into the grid at Presa de Necaxa, a nearby hydroelectric dam.

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While this latest hidden facility found by police may seem…

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