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Iranian Courts Order Return of Thousands of Seized Crypto Mining Machines: Reports
The country has been cracking down on mining to deal with power shortages.
Courts in Iran have ordered the government to return thousands of seized crypto mining rigs, local media has reported in the past week.
In 2021, Iranian authorities banned mining and seized related equipment to deal with power shortages. Last year, power utility Tavanir also clamped down on illegal crypto mining farms as power demand climbed during the summer, according to the reports. The utility has closed 7,200 illegal crypto mining centers and seized more than 250,000 mining computers.
STORY CONTINUES BELOW
About 150,000 pieces of crypto mining equipment are held by the Organization for Collection and Sale of State-Owned Property, many of which will be released following the judicial rulings, the reports said, citing the organization's head, Abdolmajid Eshtehadi. Some have already been returned.
Tavanir "should propose new plans in order to make use of [the remaining] hardware, without causing damage to the national grid," Eshtehadi said.
Read more: Inside Iran's Onslaught on Bitcoin Mining
Eliza Gkritsi
Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI, having previously covered mining for two years. She previously worked at TechNode in Shanghai and has graduated from the London School of Economics, Fudan University, and the University of York. She owns 25 WLD. She tweets as @egreechee.
