Category: Fintech News

Iran Shuts Down 1,620 Bitcoin Farms Over Excessive Electricity Use

Iran Shuts Down 1,620 Bitcoin Farms Over Excessive Electricity Use

As Bitcoin reaches its highest prices in years, Iran has proceeded with a crackdown of Bitcoin mining farms in the country. As many as 1,620 farms were found to be fraudulently reporting their electricity usage and skirting electricity supply tariffs, according to the Financial Tribune. Power Generation, Distribution and Transmission Company (Tavanir) found that these […]

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