IIRC mining in Iran on decline due to past blackout which lead to 4 months ban[1] and seized some ASIC before it's released[2]. While i don't know current condition in Iran, it would scare off some miner.


At that electricity price, it's not attractive enough for miner. Currently 0.06 Usd/Kwh or lower seen as attractive.

[1] https://www.bbc.com/news/world-middle-east-57260829
[2] https://www.coindesk.com/policy/2023/01/04/iranian-courts-order-return-of-thousands-of-seized-crypto-mining-machines-reports/