Mexico Busts 300-Machine Crypto Mining Farm Over Power Theft

Mexican authorities have uncovered a large cryptocurrency mining operation in Puebla, raising concerns about organized electricity theft. Investigators found roughly 300 specialized computers operating near the Nuevo Necaxa hydroelectric complex. The discovery has prompted authorities to examine whether similar operations exist across neighboring municipalities.

Mining Operation Triggers Wider Probe

Authorities dismantled the facility in Tlaola, located in Puebla’s northern highlands. The operation included 300 GPU-based mining machines, transformers, medium-voltage terminals, and satellite internet equipment.

Moreover, investigators found a major unauthorized power connection near the federal hydroelectric infrastructure. Officials believe the facility’s significant electricity demand helped expose its location.

However, cryptocurrency mining itself remains legal in Mexico. Authorities instead focus on the alleged theft of electricity used to power the operation. Additionally, Mexico’s Federal Electricity Commission, Attorney General’s Office, and Navy have joined the investigation.

Money Laundering Concerns Grow

The investigation could also examine potential money laundering linked to digital assets produced by the facility. Authorities want to determine whether criminals used mined cryptocurrencies to disguise illicit proceeds.

Significantly, CFE recorded 6,346 GWh in electricity losses between January and July 2024. Those losses carried an estimated commercial value of 13.8 billion pesos, or about $817 million.

Consequently, the Puebla operation adds another layer to Mexico’s growing crypto enforcement efforts. Authorities dismantled three other mining facilities between Puebla and Tlaxcala during 2025.

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