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05/12 10:03
Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years
Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest.
Illegal Crypto Miners in Iran Steal 1.8 Billion kWh of Electricity, Official Says
Enterprises minting digital currencies outside the law in Iran have stolen 1.8 billion kilowatt hours (KWh) of electricity, according to a spokesperson for the electric power industry, quoted by the English-language Iranian daily Financial Tribune and the Bargh News portal.
“About 8,200 unauthorized centers for cryptocurrency mining have been identified and closed in the past three years, in which more than 246,000 active miners were using 680 megawatts (MW) of energy,” said Mostafa Rajabi-Mashhadi. It’s estimated that another 1,200 MW of power capacity is still being occupied by illegal miners in the country, he added.
Most of the electricity theft occurred in the provinces of Isfahan and Tehran, followed by Khorasan Razavi, Khuzestan, Markazi, Fars, and East Azerbaijan. By cracking down on illegal mining activities, the government wants to support the operations of licensed miners, the reports noted.
In July of 2022, the Iran Power Generation, Transmission, and Distribution Company (Tavanir) vowed to take severe measures against unlicensed crypto miners. By the end of 2022, the utility had found and closed down 7,200 unauthorized mining farms.
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