Media: Iran issues licenses to 14 crypto mines

According to citing local Iranian media reports, the Iranian government has issued licenses to 14 cryptocurrency mines, allowing each mine to have a capacity of 300 MW. So far, the Iranian Ministry of Industry, Mines and Trade has issued more than 1,000 licenses for cryptocurrency miners. The analysis said that Iran’s electricity price subsidies caused some miners to flock to the country. To support licensed cryptocurrency mining, the Iranian Power Generation, Distribution and Transmission Company (Tavanir) said it plans to cut miners’ electricity prices by as much as 47% during peak electricity consumption. Lianwen previously reported that in July, Iranian Vice President Eshaq Jahangiri announced that the country’s cryptocurrency miners will soon have to register their identity details and the size of the mine with the Ministry of Industry, Mining and Trade (referred to as the Ministry of Industry, Mines and Trade). Number and type of mining equipment, etc.). According to a new directive, miners need to register within one month from the date of implementation of the decree. In addition, the Iranian government instructed the Ministry of Industry, Mines and Trade to disclose the list of licensed mining centers.