Iran’s Ministry of Intelligence has established committees around the country to locate and seize farms that are mining cryptocurrencies without a license. Iran has been an appealing place for crypto miners because of its subsidized energy prices.
However, due to the large amount of energy needed for mining, the power grid has struggled to cope, says grid operator Tavanir. The operator has had to dim streetlights and cut power to office buildings because of the surging demand. Rising consumption in other sectors and poor hydro generation have also caused a shortfall in electricity supply.
