In Iran, subsidized electricity allows miners to produce 1 Bitcoin for just $1,300, far below the global average of $20,000–$30,000.

With Bitcoin trading near $112,000, Iranian miners enjoy some of the highest profit margins in the world. Analysts warn this advantage could spark global regulatory tensions, as sanctioned economies increasingly turn to crypto mining as a revenue source.

The situation highlights the geopolitical impact of digital assets.

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