Iran Bans Bitcoin Mining Until March

  • Iran has restricted bitcoin mining operations for the second time this year.
  • Licensed miners are required to shut down until March.
  • Excessive energy demand has led to less power sent to industrial consumers.

Iran has once again ordered bitcoin miners to shut down to ease power demand on the country’s energy grid during the winter months. Licensed miners are expected to receive the green light to resume operations in March 2022.

Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co. and a spokesman for Iran’s power industry, said the measures will be in place until March 6 in an attempt to reduce the risk of blackouts and ensure power stability to households across the country, according to a Bloomberg report.

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