Energy Crisis

Bitcoin mining in Iran, largely driven by state-linked entities like the IRGC and Chinese partners, intensifies the country's energy shortages by consuming vast amounts of electricity, much of it subsidized or free. Despite official recognition and licensing since 2019, around 85% of mining remains illegal, worsening power outages and impacting domestic needs.

Al-Wafrah, Kuwait, has seen a dramatic crackdown on unregulated cryptocurrency mining operations, leading to a 55% drop in electricity consumption over the past week. This action comes as the nation faces a power crisis aggravated by high summer temperatures and increased energy demand.

Authorities in Al-Wafrah, Kuwait, have conducted a major crackdown on unregulated cryptocurrency mining, leading to a notable 55% decrease in electricity usage in just one week. Despite the illegality of crypto trading, mining's unchecked rise has raised alarms amidst a national energy crisis fueled by rising temperatures and increasing demand.

Authorities in Al-Wafrah, Kuwait, have taken decisive action against unregulated cryptocurrency mining, leading to a significant cut in electricity usage. With a 55% reduction in a week, this move highlights the ongoing power crisis in the region, fueled by rising temperatures and increased energy demand.