The tax body of Argentina is continuing its crackdown on unregistered crypto mining – and has swooped on a livestock and cereal farm to uncover some $20 million worth of coin-mining hardware.
In a government notice, the national tax authority, known locally as the AFIP, explained that the equipment was found in the premises of an “agricultural company dedicated to raising livestock and growing cereals.”
The AFIP explained that the farm was based in the province of Santa Fe, in the town of Reconquista. It added that the farm had “acquired 35 crypto mining rigs,” in addition to “video cards and motherboards that were going to be used to mine cryptocurrencies.”
However, it appears that the hardware had not yet been connected to the internet, so the farm operators may escape more severe forms of punishment. The farm operators are likely to face fines, however, and it does not appear that the hardware had been smuggled into the country.
The AFIP last month exhibited a haul of over 340 illegally imported mining rigs that were intercepted at one of country’s biggest ports. The rigs had been concealed inside shipping containers containing range of consumer goods.
More Illegal Crypto Miners Busted in Argentina
The AFIP added that it had also carried out another “operation” near Santa Fe on “a property” where electricity consumption had spiked by a whopping 800%.
Officers were dispatched to investigate and reportedly unearthed equipment including “96 video cards.”
The AFIP stated that the hardware had “an estimated value of $14 million” and was being “used to mine cryptocurrencies.”
The property’s owner “had not declared any activity related to the [mining] of cryptoassets,” said the tax body. It added that it would issue the miner with “fines and corresponding tax adjustments.”
The AFIP has been searching nationwide for crypto miners who fail to register their operations in the past few months after ministers called for crypto-related tax reforms back in February this year.
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
HP 14 Laptop, Intel Celeron N4020, 4 GB RAM, 64 GB Storage, 14-inch Micro-edge HD Display, Windows 11 Home, Thin & Portable, 4K Graphics, One Year of Microsoft 365 (14-dq0040nr, Snowflake White)
$146.99 (as of February 4, 2025 20:03 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Everydrop by Whirlpool Ice and Water Refrigerator Filter 1, EDR1RXD1, Single-Pack , Purple
$49.98 (as of February 4, 2025 20:03 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
THE GYM PEOPLE Thick High Waist Yoga Pants with Pockets, Tummy Control Workout Running Yoga Leggings for Women
$22.07 (as of February 4, 2025 20:03 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Ello Cooper 22oz Stainless Steel Water Bottle with Straw and Carry Handle, Double Walled and Vacuum Insulated Metal, Leak Proof Locking Lid with Soft Silicone Spout, Reusable, BPA Free, Black
$10.99 (as of February 4, 2025 20:03 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
