Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September.
Crypto Mining Farms in Iran to Shut Down During Winter
Expecting energy needs across the country to increase with low temperatures in the coming months, the Iranian government is now taking steps to limit consumption and avoid an electricity deficit. Just like earlier this year, the measures will affect the country’s growing crypto mining industry.
Tavanir, the Iran Power Generation, Distribution and Transmission Company, has recently instructed authorized cryptocurrency mining centers to unplug their power-hungry hardware, the English-language business daily Financial Tribune reported.
Iran’s Ministry of Energy has been trying to reduce the use of liquid fuels in power plants since last month, Tavanir’s spokesman Mostafa Rajabi Mashhadi told the state-run broadcaster IRIB. Cutting power supply to licensed crypto farms is part of a list of actions that also include turning off lampposts in safer areas at night and strict supervision of consumption, the official detailed.
The utility believes these measures will help to prevent potential blackouts in winter when electricity is in higher demand. Mashhadi added that Iranian power plants have managed to save some fuel for the next few months but also emphasized that consumers should exert caution regarding the volume of their gas and electricity usage.