CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

Crypto Mining Under Fire in Iran’s Power Struggle

Iran Accuses Cryptocurrency Miners of Worsening National Energy Shortages

August 16, 2025
in Mining, News
A A
Dalintis FacebookDalintisShare on Twitter

Iran is facing a deepening energy crisis that has sparked public outrage and widespread protests. Residents across the country are blaming crypto mining operations, particularly those linked to the Islamic Revolutionary Guard Corps (IRGC), for draining the national power grid. These operations, allegedly designed to evade international sanctions, have consumed a significant portion of Iran’s electricity, worsening an already dire situation.

The crisis has been exacerbated by a record-breaking drought and soaring summer temperatures reaching up to 40 °C. Lake Urmia, once one of the world’s largest saltwater lakes, has now transformed into a salt-encrusted wasteland. Experts warn that nearby towns may face complete desiccation by the end of summer. In Tehran, government buildings have been forced to shut down intermittently to conserve energy, leaving workers struggling in stifling conditions.

In Babolsar, demonstrators gathered outside a power station, demanding basic utilities. Viral footage showed hospital staff using handheld fans and chemotherapy wards plunged into darkness. Protesters chanted slogans like “water, electricity, life – these are our indisputable rights” and “death to incompetence,” highlighting growing frustration with government mismanagement.

Public Backlash and Political Tensions Escalate

The crisis has taken a toll on small businesses, with residents like Hamid, an ice cream vendor in Khomam, recounting how extended outages ruined his stock and forced him to join protests. While power cuts have slightly eased in some areas, resentment continues to build.

President Masoud Pezeshkian has acknowledged the severity of the crisis, calling it “serious and unimaginable.” He also criticized Israeli Prime Minister Benjamin Netanyahu’s remarks urging Iranians to rise against their government. Meanwhile, engineer Mohammad Mohebbi claims that 5% of the national grid is now controlled by the IRGC for crypto mining. Environmental expert Kaveh Madani warns that Iran is in “water bankruptcy mode,” a result of decades of unsustainable self-sufficiency policies.

Frequently Asked Questions (FAQs)

  • What is causing Iran’s energy crisis?

A combination of crypto mining, government mismanagement, drought, and extreme heat has strained Iran’s electricity supply.

  • Why are people protesting?

Citizens are demanding reliable access to water and electricity, blaming the government and crypto operations for the shortages.

  • How is the government responding?

Officials have acknowledged the crisis, but critics argue that their actions are insufficient and that mismanagement continues to worsen the situation.

Tags: CryptocurrencyMining

Related

Trump Media Makes Bold Blockchain Move with Crypto.com Partnership

September 5, 2025

Trump Media and Technology Group has taken a major step into the blockchain space by acquiring 684.4 million Cronos (CRO)...

Why Ethereum Could Be Headed Toward $5,000?

September 4, 2025

Ethereum continues to consolidate around $4,400 as overall crypto sentiment remains neutral. However, rising inflows into ETH-based ETFs suggest growing...

Pi Coin Forecast: Will DeFi Gaming Fuel a Surge to $1?

September 3, 2025

Pi coin has regained attention after stabilizing near $0.34, slightly above its recent low of $0.27. Following months of downward...

Bitcoin’s 7-Day Average Hashrate Surpasses 1 ZettaHash – A Historic First

September 2, 2025

Bitcoin’s network has achieved a major milestone by reaching a sustained hashrate of 1 zettahash per second on a seven...

Institutional Momentum Fuels Bullish Surge

September 1, 2025

Bitcoin continues to dominate market conversations as its price structure aligns with increasing corporate accumulation. Japan-based Metaplanet has now amassed...

News

Coins

TikTok Refutes Claims Its Owners Bought ‘Trump Coin’

June 20, 2025
Coins

Whales Accumulate 3.3M Pi in a Day Amid Declining Daily Unlocks

August 4, 2025
Reviews

Crypto Hype: Understanding the World of Memecoins

August 9, 2025
Bitcoin / freepik
Blockchain

Bitcoin Poised for Rally as Key Bullish Indicator Reappears

August 10, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI AI Browser Altcoin Android Binance Binance Coin Bitcoin blockchain BONK BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Google Halving MARA Memecoin Meta Mining Mobile news OpenAI pengu Pepecoin pi coin pi network Ripple Samsung SHIB Shiba Shiba Inu Solana Stablecoin technology XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.