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Iran pause legal crypto mining to cover winter power demands

Iran Grid Management Company (Tavanir) will halt all authorized crypto mining plants in the country to save energy for the winter period. Tavanir’s managing director Mostafa Rajabi Mashhadi made this known last week.

“The Energy Ministry has been implementing measures since last month to reduce the use of liquid fuels in power plants, including cutting licensed crypto farms’ power supply, turning off lampposts in less risky areas and stringent supervision of consumption,” Mashhadi said.

Crypto mining

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The implemented measures will help Iran reduce 40% of the current energy consumption. According to the Islamic Republic of Iran Broadcasting, Mashhadi also urged citizens to cut down their energy usage as much as they can. Meanwhile, efforts are ongoing to crackdown on illegal crypto mining activities, this would ensure that there are no loopholes to the goal of saving energy for winter. Last month, Tavanir confiscated 222,000 mining equipment. 

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