The Argentinian tax body’s crackdown on unregistered crypto mining is expanding to residential properties. Officers shut down an illegal Bitcoin (BTC) mining farm in a “high-end” block of apartments in an upscale part of La Plata, Buenos Aires Province.
But the latest bust saw officers raid the apartment, where they said they found functioning and unregistered bitcoin mining rigs connected to the internet. The rigs, the AFIP said, had been concealed inside a “container” that was hidden on the complex’s terrace.
Officers stated that the hardware comprised some 180 “video cards used for Bitcoin mining.” They claimed the equipment’s market value was “more than $45,000,000.” They also claimed that the crypto mining rigs had been operational “for more than eight months” before they were discovered.
The farm’s mastermind appears to have been the complex’s owner, with the tax body stating that the “property’s owner” was “being investigated.”
But the AFIP found that the power points on the terrace had been registered “in the name of a third party”, a “maneuver that helped the farm’s concealment,” Ambito reported.
The raid was conducted in conjunction with the La Plata Regional Directorate of the General Tax Directorate.
Crackdown on Unregistered Argentinian Crypto Miners
Officers stated that they were investigating “activity” at “two other addresses” to see if a connection could be established.