Iran Reports Crypto Mining Contributes 15-20% to Electricity Deficit

Iran faces frequent power cuts exacerbated by summer heat and a significant electricity deficit. Mohammad Allahdad, deputy director of Tavanir, reported that cryptocurrency mining accounts for 15–20% of this deficit, consuming nearly 2,000 MW, equivalent to the output of two Bushehr nuclear reactors.

Key points include:

• Crypto mining represents about 5% of Iran's total electricity consumption.
• Mining operations contribute to voltage drops, fuse failures, and fire risks linked to intense heat from devices.
• Nationwide demand for electricity has exceeded 70,000 MW due to air conditioning and agriculture.
• A blackout revealed over 900,000 illegal mining devices, resulting in a power consumption drop of 2,400 MW.
• Illegal mining is considered a national security issue, often occurring in abandoned or industrial properties.
• Tavanir has seized over 240,000 mining devices since last year and offers rewards for reporting illegal operations.
• The situation has intensified following conflicts with Israel, impacting infrastructure and energy supply.

Authorities emphasize the need for public cooperation to combat illegal mining while managing rising domestic energy use.