Iran launches nationwide raids to protect power grid from miners
Low electricity prices have made Iran one of the world’s largest cryptocurrency mining hubs. According to CoinLaw, Iran ranks fifth globally in Bitcoin mining, accounting for roughly 4.2% of the total network hashrate. The United States continues to dominate the industry, followed by Kazakhstan, Russia, and Canada.
However, Iranian authorities complain that energy subsidies have turned the country into a “haven for illegal miners”, who disguise their operations behind industrial facilities.
Officials estimate that unlicensed miners collectively consume more than 1,400 megawatts of electricity continuously—placing significant strain on the national grid and threatening stable power supply. Many operations masquerade as legal factories or workshops to exploit subsidized energy rates.
Vigilant citizens join the crackdown
To curb the problem, the government has launched nationwide raids against illegal mining farms. In Tehran province alone, authorities recently shut down 104 unlicensed sites and confiscated over 1,400 mining devices, enough to power nearly 10,000 households. Investigators found mining rigs hidden in basements, tunnels, and even on industrial production lines connected to subsidized power.
The Ministry of Energy has also introduced a public reward system to encourage citizen participation. Residents are now offered a 1 million toman (≈$24) bounty for reporting illegal mining equipment. The initiative is part of a broader campaign to protect the national power grid and recover lost revenue from unlicensed activities.
As we wrote, Iran restricts stablecoin use as rial hits record low
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
