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Mexico Seizes 300 GPUs in Mountain Crypto Farm Raid

Investigators will forensically examine seized machines and utility records to determine whether stolen hydroelectric power helped fund money laundering by organised crime.

Overview

  • Federal and state forces dismantled a concealed GPU-based mining site in Tlaola, Puebla, removing roughly 300 graphics cards, about 80 medium-voltage terminals, a transformer and multiple satellite antennas.
  • Authorities are probing whether the facility tapped into infrastructure tied to the nearby Nuevo Necaxa hydroelectric complex to avoid electricity costs and keep the operation running.
  • No arrests, named cartel attribution, mined asset identification, wallet addresses or mining-pool accounts have been publicly disclosed and the seized hardware alone does not show which token was produced.
  • Investigators plan forensic analysis of computers, communications equipment, power records and provider data to trace any mined coins and follow transfers to exchanges or wallets.
  • The raid is the fourth such discovery near the hydroelectric dam since early 2025 and comes as blockchain analytics firms say illicit crypto flows surged in 2025, raising concerns about threats to grids and new laundering methods.