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Iran Emerges as World’s 4th-Largest Crypto Mining Hub — But Faces Illegal Mining Crisis

2025-11-02 16:00:00 23 hours ago CoinRank

CONTENT

Tehran Province Power Distribution CEO Akbar Hasan Beklou revealed that over 95% of Iran’s 427,000 active mining rigs are unauthorized, consuming more than 1,400 MW of electricity.

While massive energy subsidies boosted Iran’s mining growth, they also turned the country into a “paradise for illegal miners,” straining its national power grid.

WRITER’S INTRO

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