Did Iran Blackouts Cause Bitcoin’s $72K Surge?

Published by

Sohrab Khawas

March 5, 2026

Iran to Collect Bitcoin Fees from Oil Tankers During Ceasefire

A theory claiming Iran’s blackouts cut cheap mining and eased selling pressure as Bitcoin jumped from below $63,000 to over $72,000 doesn’t hold up, experts say. While Iran historically benefited from ultra‑low electricity costs that made mining cheap, its share of the global Bitcoin hashrate has fallen to a low single digit and contributes only a minor portion of total network activity, so any local disruption would have limited impact. The real drivers of the recent price rise include ETF inflows, short liquidations, and broader market recovery, with no significant hashrate drop or on‑chain sell‑offs detected.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news