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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