Iran could generate massive revenue from cryptocurrency mining
Cryptocurrency mining is one of the leading businesses in the cryptocurrency sector. This is because it is needed for several cryptocurrencies to be generated and for transactions to be approved on the networks.Iran has become a significant player in the crypto mining space, accounting for 4.5% of all Bitcoin mining in the world. A new study from Elliptic revealed that the Middle Eastern country could generate as much as $1 billion annually from cryptocurrency mining activities. Elliptic estimated these earnings using data from the Cambridge University’s Centre for Alternative Finance and various statements from Iran’s state-controlled Power Generation, Distribution, and Transmission Company.
According to the country’s energy generation body (also known as Tavanir), cryptocurrency miners use roughly 600MW of electricity annually. However, Elliptic admitted that the numbers are challenging to determine.
Iran adopts Bitcoin to bypass US sanctions
The report added that Iran had adopted Bitcoin and other cryptocurrencies as a means to bypass the trade sanctions imposed by the United States. “Iran has recognized that Bitcoin mining represents an attractive opportunity for a sanctions-hit economy suffering from a shortage of hard cash, but with a surplus of oil and natural gas,” Elliptic added.Once it recognized this, Iran officially regulated cryptocurrency mining and trading activities in the country. Miners are compelled to sell their cryptocurrencies to the Iranian central bank, which uses the coins to imports products into the country. By using Bitcoin and other cryptocurrencies, Iran has been able to import products into the country despite the trading sanctions imposed by the United States.
Furthermore, the Iranian central bank has banned the citizens from trading cryptocurrencies mined outside Iran. This prevents capital outflow and ensures that the local fiat currency doesn’t suffer from the current economic sanctions.
Continue reading by joining Cryptonary Pro
$1,548 $1,197/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund. Terms
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
TermsRecommended from Cryptonary
