The Minister of Communications and Information Technology in Iran claims that Chinese Bitcoin miners are relocating to the nation. Despite lacking concrete evidence supporting this, he says that the low price of electricity is encouraging the supposed exodus.
According to local news publication, PressTV, Iranian government minister Mohammad Javad Azari Jahromi claims that the subsidised energy provided by the Iranian state for citizens is making Bitcoin mining in the nation attractive.
This has led to Chinese Bitcoin miners setting up in the nation. The communications and IT minister cannot provide evidence to back his claims up but says that he has heard it “unofficially”.
Jahromi went on to comment that he believes the efforts to be those of private interests, rather than the Chinese state itself:
“The Chinese government has no plan to be present in the field of cryptocurrency mining in Iran. However, China’s private sector and people may have been involved in this area.”The Iranian minister made the comments following a trip to China. There, he met with high-ranking officials to discuss how the two nations can cooperate to develop a digital economy.

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Rick D.
A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time...
A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time...
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