[Over 95% of Cryptocurrency Mining Equipment in Iran Operates Illegally] Iranian authorities estimate that out of the 427,000 active cryptocurrency mining devices in the country, over 95% are operating without authorization. Akbar Hasan Beklou, CEO of Tehran Province Electricity Distribution Company, stated that Iran has become the world's fourth-largest cryptocurrency mining hub, primarily due to electricity subsidies attracting illegal miners. These illegal devices consume over 1,400 megawatts of electricity daily, severely impacting the stability of the national power grid. Beklou pointed out that most illegal miners disguise themselves as industrial facilities to obtain low-cost electricity.