Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Iran to Cut Power Supply to Licensed Crypto Miners: State TV

June 19, 2022, 9:55 AM

Electricity to all 118 legal crypto mining centers in Iran to cease from June 22 ahead of seasonal spike in power demand, Mostafa Rajabi Mashhadi, spokesman for country’s power industry says in interview with state TV.

  • Country should brace for power shortages as demand is projected to surpass 63,000 megawatts this week, Rajabi Mashhadi says
  • NOTE: Electricity demand hit record last year, exceeding 67,000 megawatts in August
  • MORE: Drought and Crypto Mining Fuel Iran’s Business-Choking Blackouts

To contact the reporter on this story:
Arsalan Shahla in Tehran at ashahla@bloomberg.net

To contact the editors responsible for this story:
Benjamin Harvey ...