PANews|Aug 02, 2026 03:22
[Brazilian Police Seize Illegal Bitcoin Mining Operation, Confiscate 15 ASIC Miners and 3 Servers]
According to Livecoins, Brazilian police discovered a hidden illegal Bitcoin mining operation at a scrapyard during a routine inspection targeting stolen and resold scrap metal. Authorities seized approximately 15 ASIC miners and 3 servers on-site, with the total value of the equipment estimated to exceed 200,000 Brazilian reais (around $39,400). Bitcoin mining itself is not illegal in Brazil, but the equipment was found to be illegally connected to the power grid. Local electricity company Cemig estimates monthly losses of about 60,000 reais (approximately $11,800). A 37-year-old scrapyard employee was unable to explain the origin of the equipment or provide invoices and was arrested on charges of theft and resale of stolen goods. Police have also filed charges against a 31-year-old man and woman responsible for the business. Authorities stated that they are currently investigating the flow of the mined cryptocurrency.
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