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Brazilian police seized an illegal Bitcoin mining farm, confiscating 15 ASIC miners and 3 servers.

Source: livecoins.com.br Event types: Regulation/Compliance Financing/Fundraising
According to Livecoins, during a routine inspection of a scrap factory in Belo Horizonte, the Brazilian Minas Gerais State Military Police discovered an illegal Bitcoin mining farm on the second floor. At least 15 ASIC miners (suspected to be Bitmain Antminer S17 series) and three servers were seized on site, with the equipment valued at over 200,000 reais. Local energy company Cemig confirmed that the mining farm had been operating using stolen electricity for a long time, causing monthly losses of approximately 60,000 reais. A 37-year-old employee was arrested on the spot for theft and fencing stolen goods after failing to provide the source and invoices for the equipment, and two company executives were also placed under investigation. The police stated, "There may be some kind of criminal organization behind this," and are currently tracing the flow of the cryptocurrency mined by the farm.

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