Iran’s Official authorities have recently announced that crypto miners operating in the country have access to the electricity cut off by June 22th.
According to one of the reports from the Tehran Times, the decision is purely for the government to ensure there is enough energy supply for the citizenry.
A spokesman for the Iranian Energy Ministry, Mostafa Rajabi Mashhadi, said that the Asian country is anticipating a higher energy consumption rate from next week. Week.
Further, he revealed that the country had recorded a record consumption of 62,500 MW during the peak period last week.
This has forced the government into action to avoid a blackout.
Why is Iran Crypto Miners Backing Out?
Apart from licensed operators, the country also has numerous unauthorized crypto miners. These miners are placing more pressure on the national grid. Further, the government has tried to crack down on these players at different times without much success.
This data is actually by June 17. This was when Bitcoin was trading above $20,000.
Since then, its price briefly fell below $18,000, meaning that mining the flagship asset would be more unprofitable.