Strait of Hormuz is choking Bitcoin, not just oil. But there's a catch

Apr 25, 2026 3:19 PMPublished Apr 25, 2026 3:19 PM

Despite claims of Western innovation, Iran, a sanctioned nation, has become the undisputed global leader in profitable Bitcoin mining, costing just $1,300 per coin while US miners face existential losses exceeding $85,000 per BTC. Is this disparity a sign of Bitcoin's true economic landscape?
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Global oil shortages make Bitcoin mining more expensive than ever.

www.thestreet.comStrait of Hormuz is choking Bitcoin, not just oil. But there's a catchGlobal oil shortages make Bitcoin mining more expensive than ever.

Halving •Oil Supply Crisis •Strait Of Hormuz •US Iran War •Bitcoin Mining

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