Mexican authorities seize 300 illegal crypto mining rigs stealing electricity

Mexican federal prosecutors, the navy, and state police raided a property in Tlaola, Puebla, seizing 300 crypto mining rigs and related infrastructure. The facility was allegedly stealing power from the Nuevo Necaxa hydroelectric plant. Authorities have filed charges for electricity theft, and forensic accountants are investigating potential money laundering links. Official data shows non-technical power losses in Mexico reached 6,346 GWh between January and July 2024.