##Iran allows industrial Bitcoin mining as it seeks economic Refuge

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The Middle Eastern nation has opened the floodgates for power plants to build large-scale Bitcoin mining hubs—with some caveats.



In brief

Iran has allowed power plants to operate large-scale Bitcoin mining operations in the country.


Interested parties will have to comply with three caveats.


A number of organizations have already placed inquiries about mining Bitcoin.


Iran has allowed the country’s biggest power plant operators to build and run large Bitcoin mining units, according to local publication Irna News—with three caveats.


Mostafa Rajabi Mashhadi, the deputy manager of Iran’s national electricity board and governing body Tavanir, said power plants can run their Bitcoin mining facilities provided they comply with all regulations, gain the requisite licenses, and do not use subsidized electricity.



The move comes as authorities in Iran look towards new