Authorities in Iran have seized roughly 1,000 Bitcoin mining machines from two former factories, according to state TV reports.
The action was taken following a spike in electricity consumption.
Demand for power rose by 7% in June and cryptocurrency mining was thought to be the main cause, an energy ministry spokesman told local state-run media.
One researcher said Bitcoin was gaining more and more attention in Iran as a potential means of storing wealth.
"Two of these bitcoin farms have been identified, with a consumption of one megawatt," Arash Navab, an electricity official, told state television.
https://www.bbc.com/news/technology-48799155Can this confirmed that indeed Iran is already into bitcoin now as a hedge specially as fears of a total war with US?
It is clear that Iran citizens are preparing for the probability of what might happen since there is tension between them and the United States of America(USA). Bitcoin is the best form of money anyone can carry in case of war and that is why mining activities increase in Iran. On the other hands, this should influence the market positively as it might reduce the supply to bearable mining. But for the government, the best thing to do could have increased the power stations so the citizens and their economies will less depend on dollars or foreign currency for international trade.