Iran has become one of the most cost-efficient places for Bitcoin mining due to its heavily subsidized electricity. Miners there can produce a single Bitcoin for nearly $1,300, which is extremely low compared to global production costs. With Bitcoin trading close to $71,000, the potential profit margin is massive.

Because of this cheap energy, the country has attracted a large number of mining operations. Big-scale miners benefit the most, as they can run multiple machines non-stop while keeping expenses minimal and maximizing output.

At the same time, things aren’t completely simple. Government restrictions and international sanctions make it difficult to sell mined Bitcoin in global markets. So while the earning potential is very high, turning those earnings into usable cash is still a major challenge.

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