Bloomberg Tax
June 19, 2022, 9:55 AM

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

Arsalan Shahla
Arsalan Shahla
Bloomberg News

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

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