A report from the Majlis Research Center indicates that cryptocurrency mining in Iran consumes between 930 and 1,200 megawatts of electricity. This usage accounts for approximately 14% of the national power deficit during peak summer months and about 6% when averaged over the year.
The economic impact of these operations is significant, requiring roughly 2 billion liters of diesel fuel annually. This results in a financial burden on the national grid estimated at $1,5 billion. State utility Tavanir suggests that during outages, illicit mining may draw up to 2,400 megawatts.
Subsidized electricity rates in Iran bring the cost of mining one Bitcoin to about $1 300, significantly lower than the global average of $87 000. Iran's share of the global Bitcoin hashrate is currently estimated at 0,84%, down from previous estimates of 4,5% to 15%.
Reports link mining operations to individuals associated with the Islamic Revolutionary Guard Corps. In 2025, connected addresses reportedly received over $3 billion in crypto inflows. In September 2026, the US Treasury sanctioned Iran’s BitBank for facilitating transfers to the IRGC.
