Iran Authorizes Power Plant to Mine Bitcoin

According to IRNA, Mostafa Rajabi Mashhadi, vice president of Iran's Power Generation, Distribution and Transmission Company (Tavanir), confirmed that power plants in Iran are allowed to mine cryptocurrencies. Mashhadi explained that entities must apply for the necessary licenses from the Ministry of Industry, Mine and Trade and comply with the tariff regulations for crypto mining: "Power plants must submit their requests and follow the approved tariffs for cryptocurrency mining centers."
Earlier news, the Iranian government has issued operating licenses to 14 cryptocurrency mining farms, allowing each mine to have a capacity of up to 300 megawatts. So far, the Iranian Ministry of Industry, Mining and Trade has issued more than 1,000 operating licenses for cryptocurrency mining farms. Iran's electricity price subsidies have reportedly led some miners to flock to the country. In order to support licensed cryptocurrency mining, Tavanir said it plans to cut miners' electricity prices by up to 47% during peak electricity consumption periods. (Bitcoin.com)