The specialized website Bitcoin News, in a detailed report on Iran’s growing energy crisis, identified secret cryptocurrency mining farms as the main cause of the widespread blackouts.
This report, based on local sources and energy experts, claims that massive and hidden cryptocurrency mining facilities—believed to be run under the supervision of the Islamic Revolutionary Guard Corps (IRGC)—have placed unprecedented pressure on Iran’s already worn-out electricity infrastructure.
The Outflow of Capital from Iran Through Cryptocurrencies Increased By “70 Percent” In 2024
According to the report, large-scale, round-the-clock cryptocurrency mining operations, particularly Bitcoin, have led to excessive and uncontrolled electricity consumption on an industrial scale. Many of these farms operate in secret locations, sourcing their electricity either illegally from the public grid or at subsidized rates. This abuse has…
