Iran Bans Crypto Mining During Hot Summer Months

Iran is banning electricity-sapping cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. Even before the peak summer electricity demand season, Iran has been suffering from power outages as consumption soars, while power generation has declined. A few weeks ago, Iran banned the use of air conditioning at Tehran’s state agencies as the country looks to save electricity consumption and prioritize electricity supply to homes and hospitals. Tehran Power Distribution Company has said that…