Argentina tax authority breaks up crypto mining farm in major crackdown

Quick Take

  • Argentina’s tax authority broke up an underground crypto mining farm in a “mega operation” that led to 40 arrests. 
  • The authority worked with local agencies to conduct 70 raids, seizing cash, cars, firearms, electronics and office equipment.

Argentina’s national tax authority broke up an undeclared crypto mining farm in a so-called “mega operation” leading to the arrest of 40 people, marking the latest action in a series of crypto-related crackdowns there. 

The tax authority, which goes by AFIP in Spanish, worked with local agencies to conduct 70 raids, it said in a statement. It seized more than 100 cell phones and SIM cards, cash, cars, firearms, computers and assorted office equipment such as memory cards, flash drives and printers.

The mining farm allegedly operated out of a shed in the municipality of Quilmes, about 12 miles southeast of the city of Buenos Aires. The farm was operating with stolen cables, and authorities investigated the alleged theft of electricity to mask the crypto mining activities.

AFIP has ramped up investigations related to digital asset operations since its director Carlos Castagneto stepped into his role in late July. 

The agency announced in September that it had discovered three crypto mining sites that allegedly hid their mining operations by not properly declaring their activities.  

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