Iran may account for 3.1% of global Bitcoin mining

Iran could be responsible for around 3.1% of global Bitcoin mining, according to Coin Bureau founder Nic Puckrin on X. The country reportedly uses oil and gas to power domestic mining or sells cheap energy to foreign operators, mainly Chinese. Key operations are allegedly run by the IRGC and protected by the military. With electricity costs as low as $0.01–$0.05/kWh, mining a single BTC may cost as little as $1,300. However, widespread blackouts and alleged interference with regulatory shutdowns have sparked concerns over energy misuse.