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Power Plants in Iran Are Authorized to Mine Bitcoin

Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary licenses from the Ministry of Industry, Mine and Trade, and comply with the tariffs set for crypto mining. He told IRNA publication on Monday: The power plants must submit their requests, and follow the approved tariff set for cryptocurrency mining centers. Miners have been setting up operations in Iran to take advantage of the country’s subsidized electricity rates. Data…

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