Military Police in Belo Horizonte, Minas Gerais, dismantled an illegal Bitcoin mining operation on July 31, seizing over R$200,000 worth of specialized hardware and exposing a significant case of electrical power theft impacting the local utility. The clandestine 'farm,' operating out of a scrapyard, was illegally connected to the power grid, incurring an estimated monthly loss of R$60,000 for Companhia Energética de Minas Gerais (CEMIG), which trades as CIG/CIG.A on US exchanges. Authorities arrested one individual on the scene and confiscated 15 ASIC mining machines, while the local currency value of Bitcoin remained firm at R$318,288 as of Monday morning.