This post was originally published on Coinspeaker
Iran Bitcoin hashrate fell approximately 77% over the past quarter – from roughly 9 exahashes per second to 2 EH/s, as U.S. and Israeli military strikes disrupted power infrastructure and forced an estimated 427,000 active mining machines offline, according to a Hashrate Index report published Monday by Ian Philpot, marketing director at Luxor Technology.
The loss represents approximately 7 EH/s quarter-over-quarter and marks the most severe regional hashrate contraction since China’s 2021 mining ban.
The immediate implication is geographic redistribution rather than network degradation. Global hashrate has held near 1,000 EH/s throughout the disruption, a figure that underscores the decentralized architecture Bitcoin’s proof-of-work security model was designed to preserve.
Source: Hashrateindex
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Iran Bitcoin Mining Collapse: Infrastructure Strikes and the Conflict Discount on Hashrate
The transmission chain operates as follows: U.S. and Israeli strikes beginning in February targeted Iranian infrastructure broadly, cutting reliable grid access to industrial mining facilities that had operated under government license since Iran legalized Bitcoin mining in 2019.
Iran had built its mining sector deliberately around sanctioned-economy incentives – subsidized hydroelectric power and a mechanism to monetize energy exports that bypassed dollar-denominated settlement. That strategy gave Iranian operators
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