Does the US Attack on Iran Affect Bitcoin Mining?

Jakarta, Pintu News – The recent sharp drop in Bitcoin’s global hashrate has led to speculation on X (formerly Twitter) that this may be related to the US airstrike on Iran’s nuclear facilities on June 22.

The price of Bitcoin (BTC) briefly dropped to $98,500 before rising back above $101,000. In addition, there was a significant drop in hashrate, from 943 EH/s in mid-June to 753.81 EH/s.

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Why Iran is Important for Bitcoin Mining

Iran is known as one of the big countries in Bitcoin (BTC) mining. The Iranian government legalized this activity in 2019 and issued licenses to operators. Miners in Iran utilize cheap electricity from fossil fuels as well as nuclear power.

At one point, Iran accounted for 4.5% of total global mining, although this has now dropped to around 3.1%. The attack in Iran is likely to affect the energy infrastructure that supports large mining facilities in the country.

There are reports of power outages and grid disruptions occurring in both Iran and Israel following the escalation of tensions. This means that miners in Iran are affected, either due to direct damage or power outages.

Read also: US Encourages Crypto Adoption: Bitcoin Proposed as Everyday Payment!

Impact of Attack on Hashrate

The decrease in hashrate is most likely due to the impact of the attack on energy infrastructure. If this infrastructure is damaged, miners in Iran may have difficulty operating their equipment. This suggests that the Bitcoin (BTC) hashrate drop may not be just a coincidence.

It is not yet clear whether the Bitcoin (BTC) mining shutdown was the target of the attack, but it could be a side effect of the damage to the energy system. If so, it demonstrates the level of vulnerability of critical infrastructure to wider geopolitical conflict.

Also read: Why Is Ripple (XRP) Price Not Showing Bearish Signals? Analysts Explain!

Hashrate Recovery: What Can Be Expected?

Hashrate may not recover quickly. Unless there are further attacks that hit power plants or internet infrastructure, miners will probably come back online gradually.

If the hashrate continues to decrease, the Bitcoin (BTC) network will automatically lower its difficulty to ensure transactions can take place smoothly every 10 minutes. This is not the first time the hashrate has experienced a significant drop.

When China banned mining in 2021, the hashrate dropped dramatically, but the network managed to recover within a few months as miners migrated to other locations.

Conclusion

Taking all these factors into consideration, the effect of the US attack on Iran’s infrastructure on Bitcoin (BTC) mining cannot be ignored. While there is a possibility of recovery, the short-term impact on hashrate shows global vulnerability to geopolitical incidents. Market watchers and investors should remain vigilant for further developments.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. US Attack on Iran Crashes Bitcoin Mining Hashrate – Fact Check. Accessed on June 25, 2025
• Featured Image: Generated by AI