Cryptomining Suspended for 2 Weeks to Save Power

Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered licensed cryptocurrency mining farms to halt operations for two weeks to lessen power shortages across the country. 
Mohammad Hassan Motevalizadeh, the company managing director, made the announcement in an interview with IRNA adding that cryptomining farms consume 500-600 megawatts of electricity, half of which are unauthorized.
The utility is working to shut down illegal mining farms, he said. Those who illegally use subsidized power will be fined depending on losses they inflict on the national grid. "Their mining places will by disconnected from the national grid and wrongdoers face prosecution."