MEXICAN AUTHORITIES RAID HIDDEN CRYPTO MINE

Summary from the TLDR Crypto newsletter

Mexican federal prosecutors, the navy, and state security raided a covert mining operation in Tlaola, Puebla, seizing roughly 300 GPUs, a transformer, 80 medium-voltage terminals, and eight satellite antennas. This is the fourth such site found in the area since early 2025, near a hydroelectric dam authorities suspect was tapped illegally. Investigators are examining whether the operation laundered cartel proceeds, echoing prior Chainalysis findings on mining as a way to generate "clean" crypto. Chainalysis estimated illicit addresses received at least $154 billion in 2025, though illicit activity stayed below 1% of tracked transaction volume.