Stunning report reveals government-linked crypto crisis: ‘Serious and unimaginable’
Government-linked crypto mining is intensifying an energy crisis in Iran, according to residents. They blame these operations for worsening power outages and drying up lakes in recent months, Cryptopolitan reported in August.
What’s happening?
Iran is facing one of its worst droughts in history, and it has depleted energy and water resources throughout the country. Hot summer months pushed the country to its limits — and Iranians have placed responsibility on cryptocurrency mining for exacerbating the problems.
Residents are experiencing lengthy blackouts and severe water shortages that have ignited small but vocal protests in several communities, as The Observer also reported.
According to that news outlet,…
