Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported.
Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400).
Tavanir deputy head Mostafa Rajabi Mashhadi told Fars News Agency that the blitz on unlawful crypto mining had been previously limited because the power company “cannot detect all illegal farms solely by studying their consumption patterns.”
Iran’s bitcoin (BTC) miners welcomed authorization in July last year, but subsequently complained about high power tariffs. Some have started operating underground using subsidized electricity.
According to Rajabi Mashhadi, some miners set up equipment at industrial and agricultural units that are already power-intensive to avoid detection. “Therefore, Tavanir’s monitoring reveals no significant change in consumption of this particular category,” he added.
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