Crypto Crackdown: Iran Seizes Massive Network of 240,000 Illegal Mining Machines

In a dramatic crackdown on unauthorized cryptocurrency mining, Iran's state electricity company Tavanir has revealed a massive seizure of over 240,000 mining devices over the past three years. This sweeping operation highlights the country's ongoing struggle with power infrastructure challenges and the growing underground cryptocurrency economy.
The staggering number of confiscated mining machines underscores the significant strain these operations place on Iran's already fragile electrical grid. As the nation battles persistent power shortages and network instability, authorities have been taking aggressive steps to control the proliferation of cryptocurrency mining facilities that consume substantial amounts of electricity.
Cryptocurrency mining has become a contentious issue in Iran, where energy-intensive operations have been draining precious electrical resources and contributing to periodic blackouts and power disruptions. By targeting these unauthorized mining setups, Tavanir aims to protect the national power infrastructure and ensure more stable electricity distribution for citizens and legitimate industries.
The massive seizure represents a clear signal from Iranian authorities that they are serious about regulating the cryptocurrency mining landscape and mitigating its impact on the country's energy ecosystem.