Iran suspends authorized cryptocurrency mining in order to conserve energy for the winter

Listen to this Article Now

Local energy authorities have decided to halt operations of authorized cryptocurrency mining centers as Iran’s energy consumption rises during the winter.

Mostafa Rajabi Mashhadi, chairman of the board and managing director of Iran Grid Management Company (Tavanir), announced that Iran is once again shutting down cryptocurrency mining centers in order to reduce liquid fuel consumption in power plants as temperatures drop.