Mexican authorities uncovered a suspected illegal cryptocurrency mining operation in Puebla, containing 300 GPUs, 80 medium-voltage terminals and eight satellite antennas. Officials are investigating whether the facility illegally drew electricity from a nearby hydroelectric system. The discovery highlights growing concerns that drug cartels are using cryptocurrency mining and transactions to launder illicit funds. Chainalysis estimates that criminal-linked crypto addresses received about $154 billion in 2025, more than double the previous year. The Puebla site is the fourth crypto farm discovered in the area since early 2025. Experts say cheap or stolen electricity can make mining highly profitable, while Mexico’s remote mountain terrain can help conceal such operations.
