Iran’s national energy authority has disclosed that an overwhelming majority of cryptocurrency mining operations in the country are functioning outside legal parameters. According to official statements, approximately 405,000 of Iran’s 427,000 active crypto mining devices are operating without proper authorization, creating significant strain on the nation’s power infrastructure.
The substantial energy consumption from these unauthorized mining activities has raised serious concerns about grid stability and power distribution across the country. Energy officials emphasized that the illegal operations are drawing massive amounts of electricity, potentially compromising the reliability of power supply for both residential and industrial consumers.
This revelation comes amid ongoing efforts by Iranian authorities to regulate cryptocurrency mining and address the substantial energy demands associated with these operations. The government has been implementing measures to identify and shut down illegal mining facilities while establishing frameworks for licensed operations that comply with energy consumption regulations.
The situation highlights the challenges facing nations as they balance technological innovation with energy management and infrastructure capabilities. Iranian energy officials continue to monitor the situation closely while developing strategies to mitigate the impact of unauthorized cryptocurrency mining on the national power grid.
