Iran has seized 7,000 computers mining cryptocurrency in breach of a recent ban on the electricity-sapping activity, as the Islamic Republic continues to struggle with severe power shortage in the hot summer months. Police in Iran have seized the machines at an illegal crypto mining farm in an abandoned factory west of the capital city Tehran, Reuters reported on Tuesday, citing Iranian media. Last month, Iran banned cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. “To help solve this problem, from today until the end of the summer, any activity to mine cryptocurrencies, even by those who have a license, is illegal so that there is no problem in supplying electricity to the people,” then Iranian President Hassan Rouhani said. Even before the peak summer electricity demand season, Iran has been suffering from power outages as consumption soars, while power generation […]