Largest Bitcoin Mining Farm in Iran Receives License

e_abrams

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Iran may be having major problems with the coronavirus pandemic, but the cryptocurrency market continues developing despite everything.

Recently a Turkish cryptocurrency mining company, iMiner, received a license to operate legally within the Iranian jurisdiction. The license in question was issued by the Iranian Ministry of Industry.

There has been an increase of cryptocurrency operations within the country due to its low electricity costs.

The company has invested $7.3 million in the project, and, according to recent reports, it has established its operations in the Semnan province with 6000 ASIC miners.

The company is expected to produce 96k terahash per second.
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This is a pretty impressive operation, I wonder who else will move their business in Iran, especially with Bitcoin's price skyrocketing as it did.