Industries Ministry: Cryptomining Capacity Near $1.4b

With estimated cryptomining capacity at $1.4 billion, Iran is among the top in the world, a senior Industries Ministry official said. 
"Cryptocurrency worth $9.7 billion is mined annually across continents. Annual capacity in Iran is near $660 million, which is 7.5% of the total global capacity," Alireza Hadi, the Industries Ministry's investment department was quoted as saying by IRNA. 
Pointing to permits to be given to new miners, he said "Iran is capable of mining 42,000 digital currencies a year worth $1.4 billion," if and when the new miners join the pack.