Mexico builds an electricity-theft case against 300 seized mining rigs

Source Cryptopolitan

Federal prosecutors in Mexico, the Navy, and Puebla state police seized 300 crypto mining machines from a remote property in Tlaola that had been intercepting electricity directly from a federal hydroelectric complex, the state security ministry said.

Noise and isolation gave the mining operation away

The site is situated in the Sierra Norte, the rugged northern highlands of Puebla, in a municipality of about 20,000. Officers left with transformers, medium-voltage terminals, and working satellite internet antennas were also taken away.

The units seized were GPUs, which would rule out Bitcoin and point to coins that are still mined on graphics cards. The operation’s cryptocurrency target has not yet been confirmed by authorities.

In a September 6 post on X, the Secretaría de Seguridad Pública said the property was jointly secured by the federal Attorney General’s office, the Navy, and Puebla state forces.

“Electrical infrastructure, satellite internet, and specialized equipment” for generating digital assets had been located on the premises.

Mining “consumes a great deal of energy and generates a lot of noise, which is why operators seek out isolated and very remote locations. That is what alerted us,” said State security minister Francisco Sánchez to reporters.

Sánchez added that the tip-off came from the site’s proximity to the Nuevo Necaxa dam, where investigators had been investigating reports of illegal mining, and that “there was a very large power connection.”

Forensic accountants trace who funded Mexico's seized mining rigs.
Photos from the Secretaría de Seguridad Pública’s September 6, 2026, X post showing the seized mining rig racks and electrical equipment at the Tlaola property.

Forensic teams investigate illicit crypto laundering networks

Sánchez described the Tlaola property as one node in a broader network that preys on the Sierra Norte’s hydroelectric infrastructure. He said the same activity is cropping up in neighboring states, with searches already stretching to nearby municipalities.

Forensic accountants are trying to ascertain who paid for the hardware, and the state government is investigating whether coins mined at the site were used to launder criminal proceeds.

Mexican authorities busted three other mining operations in Puebla and neighboring Tlaxcala in 2025.

In Malaysia, the country’s national utility Tenaga Nasional reportedly lost over $1.1 billion from 2020 to August 2025 due to electricity theft linked to mining, Cryptopolitan said.

In June, Thailand authorities seized 315 Bitcoin rigs in five northeastern provinces, reckoning the damage from tampered meters and unpaid bills at about $1.2 million.

If you're reading this, you’re already ahead. Stay there with our newsletter.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US August PPI Preview: Producer Inflation May Reaccelerate, How Will US Stocks, Dollar, and Gold React?The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) at 8:30 a.m. ET on September 10. Against the backdrop of U.S. August non-farm payrolls significantly
Author  TradingKey
11 hours ago
The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) at 8:30 a.m. ET on September 10. Against the backdrop of U.S. August non-farm payrolls significantly
placeholder
Brent Crude Surpasses $100 Mark as Escalating Middle East Conflict Sparks Market ConcernsOn September 9, Brent crude futures broke above $100 per barrel intraday, crossing this threshold for the first time since July 24. As the military conflict between the US and Iran contin
Author  TradingKey
13 hours ago
On September 9, Brent crude futures broke above $100 per barrel intraday, crossing this threshold for the first time since July 24. As the military conflict between the US and Iran contin
placeholder
US dollar clings to nine-week lows near 98.4 as Brent nears $100 and the yen hits a seven-month high — five events to watch todayThe dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
Author  Eric Nkando
14 hours ago
The dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
placeholder
Today’s Market Recap: Oil Nears $100, US Stocks Fall, AI Chip Stocks Buck Trend as Intel Surges Over 9%Tracking Market TrendsTradingKey - On September 8 Eastern Time, the three major U.S. stock indices closed lower across the board, with the Dow falling by more than 1%. Further escalation in the Middle
Author  TradingKey
20 hours ago
Tracking Market TrendsTradingKey - On September 8 Eastern Time, the three major U.S. stock indices closed lower across the board, with the Dow falling by more than 1%. Further escalation in the Middle
placeholder
Gold slumps to near $4,350 amid oil-driven inflation fears, US inflation data in focusGold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation ‌concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
Author  FXStreet
20 hours ago
Gold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation ‌concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
goTop
quote