Nearly 400,000 Illegal ASIC Miners Discovered in Iran

Over 95% of Iran's 427,000 mining devices lack licenses due to cheap electricity.

Over 95% of the 427,000 mining devices in Iran operate without a license. The cause is attributed to low subsidized electricity prices, according to local media.

Akbar Hasan Beklu, head of the Tehran province electricity distribution company, described Iran as a “paradise for illegal miners.” 

He stated that unlicensed farms consume more than 1400 MW around the clock, posing a threat to the stability of the national power system.

Beklu noted that most illegal miners disguise their operations as industrial facilities to access cheaper energy.

Authorities Shut Down Illegal Farms

The country has intensified its crackdown on illegal operations. In Tehran province alone, 104 farms were closed and 1465 devices were confiscated. According to Beklu, this equipment consumed as much electricity as 10,000 households.

Inspectors discovered farms hidden in underground tunnels and factories using subsidized grid connections. Special teams have been formed in collaboration with law enforcement to dismantle such operations.

Earlier, from January to July, the volume of cryptocurrency transactions in Iran decreased by 11% compared to the same period in 2024.