Mexico Cracks Down on Illicit Crypto Mining Rigs in Hydroelectric Dam Raid

Authorities in Mexico have seized over 300 crypto mining rigs that were illegally hooked up to a hydroelectric dam, highlighting ongoing issues of unauthorized power usage and tax evasion. The equipment, used for Bitcoin operations, was discovered during a routine inspection by officials.

The setup had been drawing massive loads from the national grid without permission, putting strain on the system. In response, authorities disconnected the mining rigs to prevent further unauthorized use.

This incident underscores Mexico's efforts to crack down on unregulated crypto mining operations that are exploiting cheap hydroelectric sources despite rising enforcement risks.