Iran to cut power for one week to one month at sites with illegal crypto miners, household and commercial outages from next week
25 July 2026 | 3 months ago
Jafar Ghaem-Panah, the Iranian president's executive deputy, told reporters in Alborz province on Thursday 23 July 2026 (1 Mordad 1405) that the government will act firmly against unauthorised cryptocurrency mining. Under the decision taken, where mining equipment is found, power to the site will be cut for one week in previously identified cases and for up to one month in new cases.
He said that at a time when southern provinces face temperatures above 50 degrees Celsius and industry has a serious need for electricity, misuse of subsidised power for crypto mining will not be permitted, and he asked those active in the field to refrain from illegal operations.
Ghaem-Panah also announced that planned power outages in the household and commercial sectors will be applied from next week, scheduled by the Tavanir company and lasting about two to three hours, with details to be announced by energy ministry officials. He added that operating hours at some cement plants have been moved to the grid's off-peak periods, including 2 a.m. to 10 a.m., and that shifting operating days is on the agenda for some steel units and industrial estates.
More from this market
Tether eases to 191,206 tomans on Saturday, staying above the banknote dollar
Nobitex | 3 months agoUS Treasury widens sanctions on Babak Zanjani network: 4 individuals and 9 companies in Iran, Turkiye and the UAE
US Treasury | 3 months agoBitcoin slips below $64,000 on Saturday as the Fear and Greed index stays in fear territory
Bitcoin.com News | 3 months agoCrypto ETF Divergence: Bitcoin Funds See a $225 Million Exit While Ether Funds Keep Drawing Inflows
The Crypto Times | 3 months ago
