China-IRGC Bitcoin mining in Iran leads to power outage crisis

Speculation as to why there are widespread blackouts in various cities in Iran continues. Some state-run media on Monday acknowledged it involves China’s bitcoin mining in Iran. According to the Deputy Minister of Energy, bitcoin mining occurs even in schools and mosques, all of which are covered by the Basij and the IRGC. According to official statistics, these devices consume as much electricity as a city, and Iran is in third place in bitcoin mining after the United States and China. 

Iranians are suffering from power outages in recent days. Many Iranian cities are experiencing a large power blackout. Since the beginning of this week, extensive, long, unannounced power outages disrupted people’s lives, factories, hospital treatment, and businesses, and even shut down more than 2,000 telecommunication towers. 

“According to Dr. Hamid Emadi, Head of Infectious Diseases Department, of Khomeini Hospital these days, power outages have plagued patients diagnosed with Covid-19 with acute pulmonary problems. This is because one of the most basic treatments for these patients is the use of an oxygen machine,” wrote the state-run Jahan-e Sanat daily on Monday.  

“According to a report published by the Tehran Chamber, quoted by a Chinese newspaper, since late 2018, Iran has become a turning point for the Chinese in terms of bitcoin mining,” wrote the state-run Rahe-Pardakht website on July 9, 2020. 

In other words, the regime is putting Iranians’ lives in danger for circumventing sanctions so it could fund its illicit activities.  

In addition, the regime exports Iran’s electricity to the neighboring countries, while the people of Iran are paying the price of the massive blackouts.  

The power outage in Iran is having a devastating effect on people’s lives. But the mullahs’ regime only intends to plunder Iran’s wealth for funding its illicit activities. The regime’s corruption and illicit activities have turned society into a powder keg. Iranian people’s ongoing calls for boycotting the regime’s sham presidential election show they consider regime change the only solution to Iran’s problems.  

Read the complete article at: NCRI
Also read: Iran-China deal will increase IRGC’s terrorist activity

Latest news
Related news