Iran's subsidized electricity has turned it into one of the world's top crypto mining hubs, but at a steep cost: daily blackouts for millions. This is how cheap power fuels a national crisis.
Tag: Iran crypto mining
Iran uses state-controlled crypto mining to bypass U.S. sanctions, with the IRGC running massive, subsidized mining farms that drain national electricity. While citizens face blackouts, the regime profits-creating a dangerous contradiction at the heart of its economy.