Iran, which imposed a temporary ban on Bitcoin mining a few months ago, continues to crack down on illegal crypto mining operations, closing down thousands of unauthorized mining facilities, according to local media reports.

Fast facts

  • The Iran Power Generation, Distribution and Transmission Company, also known as Tavanir, told the state-run ISNA that it had identified 5,380 unauthorized crypto mining farms and seized 216,758 pieces of hardware, local English media Financial Tribune reported.
  • Tavanir said the farms’ power consumption was equivalent to the consumption of 800,000 households in the country, according to the report.
  • Iran took up 4.64% of the global Bitcoin mining average hashrate in April before it imposed the ban, according to data from the Cambridge Centre for Alternative Finance.