Bitcoin Mining Frenzy Turns Iran Into A ‘Paradise For Illegal Miners’ – CEO
Iran’s power grid is under fresh strain as a large-scale boom in Bitcoin mining pushes regulators to hunt down illegal operations, according to statements from local energy officials and recent reports. Cheap, subsidized electricity and covert hookups have turned parts of the country into a “paradise for illegal miners,” Akbar Hasan Beklou, CEO of the…