Iranian Authorities Greenlight Power Plants Mining Bitcoin
Cointelegraph
Published Jul 30, 2020 12:27AM ET
Updated Jul 30, 2020 02:00AM ET
Iran has announced that it will now allow industrial-scale power plants in the country to operate as Bitcoin miners —- provided they don’t use subsidized fuel.
In a statement to the Islamic Republic News Agency (IRNA) on July 27, Mostafa Rajabi Mashhadi, a Deputy Managing Director at Tavanir, Iran's Power Generation, Transmission and Distribution Management Company, said power plants in the country could operate as Bitcoin mines “if they comply with approved tariffs" and have the necessary licenses.
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Written By: Cointelegraph
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