Iranians Mining Bitcoin at $1,325 Cost Raises Market Debate

• Iranians have been mining Bitcoin at a very low cost of $1,325 per BTC, compared to at least $75,000 per BTC in the USA.
• The result is that miners in the country are reaping 50x profits despite a massive crash in Bitcoin.
• The country also relies massively on Bitcoin to circumvent trade sanctions on its economy.
• Iranian Bitcoin miners have been facing huge electricity shortages due to recent military clashes and legacy grid issues.

Iranian Bitcoin Miners Reaping 50x Profit

With subsidized state electricity, the cost for mining each Bitcoin in Iran has come down to an astonishing $1,325 per BTC, way lower than those in the US ($75k est.) and even Russia ($39k).

The reduced cost is due to state-sponsored subsidies, where industrial electricity supply costs only 0.4 cents per unit as compared to around 8.5 cents per kWh in the USA.

As a result, Iranian miners have been reaping 50x returns despite the crash in Bitcoin prices. At their peak, Iranian miners would have been reaping almost 100x, or 10,000%, in profits.

Short-term Electricity Shortages Spoiling the Game

Iran has been facing electricity shortages for quite some time. As a result, miners could not get sufficient electricity to keep up with mining Bitcoin.

Just last year, in June 2025, Al Jazeera reported that Iran has been facing severe electricity shortages.

However, these challenges might be addressed soon because, due to US Sanctions on the country, petroleum products like gasoline and diesel have become dirt cheap, retailing for less than 10 cents per gallon.

Further, an off-grid solar power plant could easily power any Bitcoin miner, and the country has abundant solar radiation.

Suggested Reading: Solo Bitcoin Mining: Miner Beats 1-in-1.1 Million Absolute Odds

Iran Relies on Bitcoin for Sanction Evasion

After the US Sanctions on Iran and the resulting de-linking of the Iranian Rial from the global foreign exchanges, the country has been facing a massive trade crisis and balance of payments.

As a result, several businesses in the country have been relying on Bitcoin to avoid sanctions, making it a critical tool for their survival. A situation we have seen in Russia, too.

Interestingly, Bitcoin is banned as a currency in the country.

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Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.