Hi, user_no_name

Trade now

Deposit

Logout
Login Sign Up
EN

Language

English English (Global)

English English (EU)

English English (UK)

English English (AU)

English English (ZA)

English English (St. Vincent)

Deutsch German

Español Spanish (Latam)

Español Spanish (Spain)

Français French

Dansk Danish

Italiano Italian

Nederlands Dutch

العربية Arabic

Svenka Swedish

Tiếng việt Vietnamese

Bahasa Melayu Malay

ภาษาไทย Thai

繁體中文 Traditional Chinese

简体中文 Simplified Chinese

Tagalog Tagalog

தமிழ் Tamil

हिन्दी Hindi

Português Portuguese

Bahasa Indonesia Indonesian

한국어 Korean

English English (BVI)
Markets

Products

Forex

Shares

Commodities

Indices

Crypto

ETFs

Bonds
Trading

Trading Platforms

Web Platform

App

MT4

MT5

Trading Central

Trading Tools

CFD Trading Calculator

Forex Margin Calculator

Commodities Profit Calculator

Forex Profit Calculator

Economic Calendar

Quotes

Forex Heatmap

Trading Info

CFD Trading

CFD Asset List

Trading Conditions

Trading Hours

Expiration Dates

Upcoming Trading Holidays

Weekly Expiration Rollover

Trading Features

Depth of Market
Learn

Learn to Trade

Glossary

Education Centre

Trading Basics

Video library

News & Analysis

News

Academy

Trader's clinic

Webinars

US Nonfarm Payrolls
Promo

Welcome Bonus

Reward Hub

Markets Club

Loyal Bonus

Referral Bonus

Swap-free Accounts
Partnership

IB
About

About Markets.com

Why markets.com

Global Offering

Our Group

Careers

Awards and Media

About Markets.com

Help Support

FAQ

Help Centre

Contact Support

Complaints

Data & Security

Safety Online

Cookie Disclosure

Legal Pack

Legal Documents

Language

Iran Grapples with Illegal Crypto Mining Crisis, Cracks Down on Operations

Sunday Nov 2 2025 10:00

1 min

Table of Contents

1. Iran's Illegal Crypto Mining Crisis
1.1 Crackdown on Illegal Mining Intensifies
1.2 Rewards Offered for Reporting Illegal Mining

Iran's Illegal Crypto Mining Crisis

Iran's cryptocurrency mining industry is facing a growing crisis due to the widespread prevalence of illegal mining operations. Authorities estimate that over 95% of the country's 427,000 active mining devices are operating without authorization. Akbar Hasan Beklou, CEO of the Tehran Province Electricity Distribution Company, stated that Iran has become the world's fourth-largest crypto mining hub, fueled by heavily subsidized electricity prices. This subsidy has made the country a "paradise for illegal miners." These unlicensed operations consume more than 1,400 megawatts of power around the clock, placing immense pressure on the national grid and threatening the stability of electricity supplies. Beklou noted that most illicit miners disguise their activities as industrial facilities to access cheaper power.

Crackdown on Illegal Mining Intensifies

Authorities have intensified their crackdown on illegal operations. In Tehran Province alone, 104 unauthorized mining farms have been shut down, with 1,465 machines seized, equivalent to the electricity usage of nearly 10,000 households, according to Beklou. The government has identified several hotspots for illicit mining, including Pakdasht, Malard, Shahre Qods, and southwestern Tehran's industrial zones. Inspectors have uncovered farms hidden in underground tunnels and factories using subsidized power connections to evade detection. Beklou explained that specialized inspection teams are working with law enforcement to dismantle these operations.

Rewards Offered for Reporting Illegal Mining

In August, Iran announced that it is offering cash rewards to citizens who report illegal cryptocurrency mining operations. The CEO of state-run utility Tavanir, Mostafa Rajabi Mashhadi, announced that informants will receive 1 million toman (approximately $24) for every unauthorized mining device reported. According to a June report by CoinLaw, Iran ranks fifth globally in Bitcoin (BTC) hashrate distribution, contributing 4.2% of the total network's computing power. The United States leads with a dominant 44%, followed by Kazakhstan (12%), Russia (10.5%), and Canada (9%).

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Written by:

Noah Lee

Iran Grapples with Illegal Crypto Mining Crisis, Cracks Down on Operations

Iran's Illegal Crypto Mining Crisis

Crackdown on Illegal Mining Intensifies

Rewards Offered for Reporting Illegal Mining

Latest news

Cookies

Strictly Necessary

Functionality Cookies

Targeting Cookies