Since 2020, Iranian law enforcement authorities have discovered and shut down 6,914 illegal cryptocurrency mining farms.
The country’s authorities legalized the mining of digital assets in 2019, and the Ministry of Industry began issuing licenses to mine virtual currencies. Registered businesses must pay high export rates for electricity, so many firms prefer to operate underground.
According to Iranian portal Iribnews, the uncovered illegal mining farms consumed 645 megawatts. That’s the same amount of electricity consumed by the country’s three largest regions in an entire year.
In this regard, the energy company Tavanir confiscated hundreds of thousands of pieces of equipment from illegal miners.
Now there is a fine for shadow mining of digital assets, but the Iranian government plans to toughen liability for this crime. According to the new rules, which are going to be approved this year, violators will face criminal liability. In addition, the amount of penalties will increase at least threefold.