Iran Bans Bitcoin Mining Until March

Iran Bans Bitcoin Mining Until March

  • Iran has restricted bitcoin mining operations for the second time this yr.
  • Licensed miners are required to close down till March.
  • Extreme power demand has led to much less energy despatched to industrial customers.

Iran has as soon as once more ordered bitcoin miners to close right down to ease energy demand on the nation’s power grid in the course of the winter months. Licensed miners are anticipated to obtain the inexperienced gentle to renew operations in March 2022.

Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Administration Co. and a spokesman for Iran’s energy trade, mentioned the measures will probably be in place till March 6 in an try to scale back the chance of blackouts and guarantee energy stability to households throughout the nation, in line with a Bloomberg report.

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