According to the Tasmin News Agency report, Iranian authorities reportedly seized 45,000 crypto mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir. According to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific integrated circuit (ASIC) bitcoin miners had been consuming 95 megawatts (MW) per hour of electricity at cheaper prices. Authorized […]
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