Iranian authorities have authorized 30 facilities for cryptocurrency mining so far. Crypto mining farms are spread across several regions, including Tehran. The government released the data amid crackdowns on illegal miners in the country. So far, Iran’s Ministry of Industry, Mining and Trade has licensed 30 cryptocurrency mining centers.
Semnan Province, east of Tehran, is home to the largest number of licensed facilities, with six crypto farms. It is followed by Alborz Province with four facilities, followed by Mazandaran, East Azerbaijan and Zanjan provinces. It looks like the ministry will continue to license new facilities.
Iran had approved cryptocurrency mining as a legal activity two years ago. The government has introduced a licensing regime for organizations wishing to get involved in the industry. A report shows that 14 bitcoin mining farms operated under such licenses last summer.
Iranian miners face changing tides
High cryptocurrency prices and low energy costs (authorized miners were initially offered a discount of almost half the normal electricity fee) have made crypto mining an attractive business in Iran. These days, however, things have changed, and energy-intensive coinage farms are being blamed in part for this year’s power outages. In May, officials said that licensed crypto miners would not be powered during peak power consumption hours. According to official estimates, authorized mining facilities use around 300 megawatts of electricity every day.
Tehran is also on the hunt for illegal miners it accuses of burning more than 2,000 megawatts a day. The country’s electricity deficit is 5,000 megawatts, according to the state-owned electricity utility Tazeir. Eventually, Iran decided to completely ban crypto mining by September 22. Within a year, Iranian law enforcement closed more than 180 crypto farms in Tehran Province alone. In early June, authorities seized 3,000 units of mining hardware belonging to illegal businesses. Last week, Iranian police confiscated 7,000 illegal bitcoin mining equipment.