Iran to Cut Off Electricity to All Legal Crypto Miners in 2 Days

The Middle Eastern nation has gone against licensed crypto miners and will shut down all 118 legal ones in two days. The country’s authorities have already done something similar in the past, citing the growing electricity demand during the summer.

Iran allowed certain crypto miners to operate legally in 2020 and has since seized countless rigs that lacked the necessary government-issued licenses.

[Via]

Sign Up for NextBigWhat Newsletter

Daily.