Suspected Drug Cartel Cryptocurrency Mining Farm Discovered in Mexican Mountains, Possibly Used for Money Laundering Through Mining
TechFlow reported on September 12 that according to Reuters, Mexican police uncovered a clandestine cryptocurrency mining farm in the mountains of Puebla state, seizing 300 GPUs, 80 medium-voltage power terminals, and 8 satellite antennas on-site. Four similar mines have been discovered in the region since early last year. Police are investigating whether the operation illegally stole power from a nearby hydroelectric plant.
Security analysts stated that the technical expertise and financial backing required for the facility suggest the likely involvement of a well-funded criminal syndicate. A Chainalysis Latin America expert noted that Latin American drug cartels are increasingly leveraging cryptocurrency transfers and mining activities for money laundering. Data indicates that globally, crypto addresses associated with criminal activity received approximately $154 billion in 2025, more than double the $59 billion recorded the previous year.
