A Chinese-Iranian Bitcoin mining facility is set to resume operations after being forced to shut down earlier in the year.
After four months of closure, Iran’s largest Bitcoin mining facility is set to resume its operations.
According to a report by IranWire, the decision to restart operations at the Bitcoin mining farm was due to massive financing put up by Chinese backers.
Located in Rafsanjan, a city in the Kerman Province of Southeast Iran, the Bitcoin (BTC) mining farm was at the center of controversy earlier in 2021.
Back in January, the authorities in the province ordered the closure of the mining hub amid sweeping electricity blackouts in Iran.
Indeed, the Rafsanjan Bitcoin mining center reportedly consumes 175 megawatt-hour of electricity — almost a third of the total power allocated to crypto miners in Iran.