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Iran Orders Crypto-Mining Ban to Save Power During Winter Crunch

  • Move follows temporary halt earlier in year amid blackouts
  • Other fuel-saving moves include turning off some street lights
A cryptocurrency mining center.
Photographer: Andrey Rudakov/Bloomberg
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Iran for the second time this year ordered a shutdown of authorized cryptocurrency mining centers as part of efforts to ease the strain on the country’s power plants and avoid blackouts, according to Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co. and a spokesman for Iran’s power industry. 

The ban, which will be in place until March 6, will free up 209 megawatts of power for consumption in the household sector, Rajabi Mashhadi said in an interview with state TV. Authorities are also cracking down on illegal mining carried out by both individuals at home and larger-scale industrial units, he added. These unlicensed operators account for the largest share of crypto mining in the country, consuming more than 600 megawatts of electricity.