Iran’s Ministry of Industry Issues 30 Licenses to Crypto Mining Farms
Tehran's province, which houses the country's capital and center of political power, has received only one license.
Neighboring Kazakhstan has attracted many crypto mining firms as they look for greener pastures outside China.
Facing regulatory pressure at home, The9 is looking to locate elsewhere.
The fund will invest 80% of its capital in crypto-miners and 20% in semiconductor companies that take advantage of cleaner energy sources.
The council's survey focused on the crypto mining industry's electricity consumption and sustainable power mix.
Following China’s recent crackdown on crypto mining, GPUs have dropped in price.