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Iran to Crack Down on Illegal Bitcoin Mining, Offer Tips

6/14/2026

43 10 Full Breakdown

Summary

Story summary

Deputy Minister of Energy Mostafa Mashhadi said the government will shut down illegal digital-currency mining and offer tip rewards.
Tehran Province Electricity Distribution Company CEO Akbar Hasan Beklou reported over 427,000 Bitcoin miners use 1,400 MW, 95 % illegally.
Elliptic placed Iran at 4.5 % of global Bitcoin mining, and a Nov 3 report warned power producers will miss one-third of electricity demand in 2026, prompting office shutdowns.

History

Historical Context

In July 2017 China, after a series of regulatory steps that began with the People’s Bank of China barring banks from handling bitcoin in 2013, ordered a nationwide mining shutdown that cut roughly 30 % of global hash power and about 10 GW—5 % of the country’s electricity use. Iran faced a similar crisis, with Tehran’s grid reporting over 427,000 illegal miners drawing 1,400 MW.

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Story summary

Deputy Minister of Energy Mostafa Mashhadi said the government will shut down illegal digital-currency mining and offer tip rewards.
Tehran Province Electricity Distribution Company CEO Akbar Hasan Beklou reported over 427,000 Bitcoin miners use 1,400 MW, 95 % illegally.
Elliptic placed Iran at 4.5 % of global Bitcoin mining, and a Nov 3 report warned power producers will miss one-third of electricity demand in 2026, prompting office shutdowns.

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