Mexico seizes 300 Bitcoin mining machines tied to hydroelectric power theft

  • Mexican federal prosecutors, the Navy and Puebla police seized 300 Bitcoin mining machines in Tlaola.
  • Authorities linked the facility to illegal electricity drawn from the Nuevo Necaxa dam.
  • Mexico reported about 13.8 billion pesos in electricity theft during January-July 2024.

Mexican federal prosecutors, the Navy and Puebla state police seized 300 machines from an unauthorized Bitcoin mining facility in Tlaola, in Puebla's Sierra Norte, after authorities found it was illegally drawing power from the Nuevo Necaxa dam. Transformers and satellite antennas were also confiscated. Mexico reported about 13.8 billion pesos in electricity theft between January and July 2024. Existing investigative findings identified the equipment as GPU-based, although authorities had not previously confirmed the mined asset; the new account describes the site as a Bitcoin mining operation. Officials are also examining the facility's financing and possible links to money laundering, while broader investigations have targeted other mining operations and hydroelectric infrastructure.

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