more than 9,400 cryptocurrency mining equipments, while also dealing with power outages over the summer.and Kambiz Nazerian, CEO of Tehran Electricity Distribution Company, these mining rigs were found scattered throughout the city.
This, a short time after Iranian officials modified several regulations for the cryptocurrency mining sector to make it easier for it to get green power. Licensed miners will now have access to discounted electricity produced nationwide from renewable sources.The administration frequently cited cryptocurrency mining as a major factor behind the rise in demand. According to the, Iran contributed to 7.5% of Bitcoin’s hashrate in March last year.
Iran later switched off power to 118 authorized crypto-mining farms in June out of concern that there wouldn’t be enough energy to meet peak demand during the country’s hotter months.