iran bitcoin mining farm

Thousands of Bitcoin Mining Machines Seized in Iran

The Iranian government has seized thousands of Bitcoin mining machines that consumed illegally subsidized electricity from state-run energy provider Tavanir.

According to a report of Tasnim News, the head of Iran’s state-run electricity company Tavanir has claimed that the mining farm had been consuming 95 megawatts per hour of electricity at a cheap price.

There were 45,000 powerful application-specific integrated circuits most commonly known as ASIC had been used in the mining farm. Reported by Tasnim News Agency.

“The total reduced consumption corresponds to the (electricity) use for a city with a population of over half a million,”

Head of Tavanir

However, earlier this month, there is similar news to this on CoinDesk which was Iranian authorities shut down 1,620 illegal cryptocurrency mining farms that collectively used 250 megawatts of electricity within one and a half years.

Further, Iranian authorities say other registered Bitcoin mining farms have been turned off to help with the investigation done by the Government.

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