Iranian Courts Order Return of Thousands of Seized Crypto Mining Machines: Reports

The country has been cracking down on mining to deal with power shortages.

AccessTimeIconJan 4, 2023 at 9:48 a.m. UTC
Updated Jan 4, 2023 at 3:15 p.m. UTC

Courts in Iran have ordered the government to return thousands of seized crypto mining rigs, local media has reported in the past week.

In 2021, Iranian authorities banned mining and seized related equipment to deal with power shortages. Last year, power utility Tavanir also clamped down on illegal crypto mining farms as power demand climbed during the summer, according to the reports. The utility has closed 7,200 illegal crypto mining centers and seized more than 250,000 mining computers.

About 150,000 pieces of crypto mining equipment are held by the Organization for Collection and Sale of State-Owned Property, many of which will be released following the judicial rulings, the reports said, citing the organization's head, Abdolmajid Eshtehadi. Some have already been returned.

Tavanir "should propose new plans in order to make use of [the remaining] hardware, without causing damage to the national grid," Eshtehadi said.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Eliza Gkritsi

Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.