Iran faces significant energy shortages amid extreme heat. The country has decided to offer rewards for information on illegal crypto mining operations.
Energy Issues in Iran
Temperatures in Iran have soared to 113 degrees Fahrenheit (45 degrees Celsius), straining the energy grid. The CEO of the state-run electricity company Tavanir has stated that cryptocurrency miners contribute to this additional load.
Reward for Information
Tavanir CEO Mostafa Rajabi Mashhadi announced that a bounty of one million tomans, equivalent to approximately $24 at the current exchange rate, will be awarded for information on unauthorized cryptocurrency mining equipment.
Illegal Crypto Mining
Mashhadi reported that 230,000 illegal crypto-mining rigs, consuming up to 900 megawatts of power, had been discovered — equivalent to the consumption of an Iranian province with a population of 1.4 million people. Iranian authorities often announce the discovery of illegal miners, many of which operate out of schools and mosques.
Iran aims to address energy supply issues caused by illegal crypto mining by offering rewards for information and tightening control over energy resources.
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