diff --git a/.coveragerc b/.coveragerc
index 1893b9988ae..b6270668913 100644
--- a/.coveragerc
+++ b/.coveragerc
@@ -498,7 +498,6 @@ omit =
     homeassistant/components/incomfort/*
     homeassistant/components/intesishome/*
     homeassistant/components/ios/*
-    homeassistant/components/iota/*
     homeassistant/components/iperf3/*
     homeassistant/components/iqvia/*
     homeassistant/components/irish_rail_transport/sensor.py
diff --git a/homeassistant/components/iota/__init__.py b/homeassistant/components/iota/__init__.py
deleted file mode 100644
index 04db9140122..00000000000
--- a/homeassistant/components/iota/__init__.py
+++ /dev/null
@@ -1,78 +0,0 @@
-"""Support for IOTA wallets."""
-from datetime import timedelta
-
-from iota import Iota
-import voluptuous as vol
-
-import homeassistant.helpers.config_validation as cv
-from homeassistant.helpers.discovery import load_platform
-from homeassistant.helpers.entity import Entity
-
-CONF_IRI = "iri"
-CONF_TESTNET = "testnet"
-CONF_WALLET_NAME = "name"
-CONF_WALLET_SEED = "seed"
-CONF_WALLETS = "wallets"
-
-DOMAIN = "iota"
-
-IOTA_PLATFORMS = ["sensor"]
-
-SCAN_INTERVAL = timedelta(minutes=10)
-
-WALLET_CONFIG = vol.Schema(
-    {
-        vol.Required(CONF_WALLET_NAME): cv.string,
-        vol.Required(CONF_WALLET_SEED): cv.string,
-    }
-)
-
-CONFIG_SCHEMA = vol.Schema(
-    {
-        DOMAIN: vol.Schema(
-            {
-                vol.Required(CONF_IRI): cv.string,
-                vol.Optional(CONF_TESTNET, default=False): cv.boolean,
-                vol.Required(CONF_WALLETS): vol.All(cv.ensure_list, [WALLET_CONFIG]),
-            }
-        )
-    },
-    extra=vol.ALLOW_EXTRA,
-)
-
-
-def setup(hass, config):
-    """Set up the IOTA component."""
-    iota_config = config[DOMAIN]
-
-    for platform in IOTA_PLATFORMS:
-        load_platform(hass, platform, DOMAIN, iota_config, config)
-
-    return True
-
-
-class IotaDevice(Entity):
-    """Representation of a IOTA device."""
-
-    def __init__(self, name, seed, iri, is_testnet=False):
-        """Initialise the IOTA device."""
-        self._name = name
-        self._seed = seed
-        self.iri = iri
-        self.is_testnet = is_testnet
-
-    @property
-    def name(self):
-        """Return the default name of the device."""
-        return self._name
-
-    @property
-    def extra_state_attributes(self):
-        """Return the state attributes of the device."""
-        return {CONF_WALLET_NAME: self._name}
-
-    @property
-    def api(self):
-        """Construct API object for interaction with the IRI node."""
-
-        return Iota(adapter=self.iri, seed=self._seed)
diff --git a/homeassistant/components/iota/manifest.json b/homeassistant/components/iota/manifest.json
deleted file mode 100644
index 36e9a79d8d4..00000000000
--- a/homeassistant/components/iota/manifest.json
+++ /dev/null
@@ -1,8 +0,0 @@
-{
-  "domain": "iota",
-  "name": "IOTA",
-  "documentation": "https://www.home-assistant.io/integrations/iota",
-  "requirements": ["pyota==2.0.5"],
-  "codeowners": [],
-  "iot_class": "cloud_polling"
-}
diff --git a/homeassistant/components/iota/sensor.py b/homeassistant/components/iota/sensor.py
deleted file mode 100644
index 687a4ca35d6..00000000000
--- a/homeassistant/components/iota/sensor.py
+++ /dev/null
@@ -1,99 +0,0 @@
-"""Support for IOTA wallet sensors."""
-from datetime import timedelta
-
-from homeassistant.components.sensor import SensorEntity
-from homeassistant.const import CONF_NAME
-
-from . import CONF_WALLETS, IotaDevice
-
-ATTR_TESTNET = "testnet"
-ATTR_URL = "url"
-
-CONF_IRI = "iri"
-CONF_SEED = "seed"
-CONF_TESTNET = "testnet"
-
-SCAN_INTERVAL = timedelta(minutes=3)
-
-
-def setup_platform(hass, config, add_entities, discovery_info=None):
-    """Set up the IOTA sensor."""
-    iota_config = discovery_info
-    sensors = [
-        IotaBalanceSensor(wallet, iota_config) for wallet in iota_config[CONF_WALLETS]
-    ]
-
-    sensors.append(IotaNodeSensor(iota_config=iota_config))
-
-    add_entities(sensors)
-
-
-class IotaBalanceSensor(IotaDevice, SensorEntity):
-    """Implement an IOTA sensor for displaying wallets balance."""
-
-    def __init__(self, wallet_config, iota_config):
-        """Initialize the sensor."""
-        super().__init__(
-            name=wallet_config[CONF_NAME],
-            seed=wallet_config[CONF_SEED],
-            iri=iota_config[CONF_IRI],
-            is_testnet=iota_config[CONF_TESTNET],
-        )
-        self._state = None
-
-    @property
-    def name(self):
-        """Return the name of the sensor."""
-        return f"{self._name} Balance"
-
-    @property
-    def native_value(self):
-        """Return the state of the sensor."""
-        return self._state
-
-    @property
-    def native_unit_of_measurement(self):
-        """Return the unit of measurement."""
-        return "IOTA"
-
-    def update(self):
-        """Fetch new balance from IRI."""
-        self._state = self.api.get_inputs()["totalBalance"]
-
-
-class IotaNodeSensor(IotaDevice, SensorEntity):
-    """Implement an IOTA sensor for displaying attributes of node."""
-
-    def __init__(self, iota_config):
-        """Initialize the sensor."""
-        super().__init__(
-            name="Node Info",
-            seed=None,
-            iri=iota_config[CONF_IRI],
-            is_testnet=iota_config[CONF_TESTNET],
-        )
-        self._state = None
-        self._attr = {ATTR_URL: self.iri, ATTR_TESTNET: self.is_testnet}
-
-    @property
-    def name(self):
-        """Return the name of the sensor."""
-        return "IOTA Node"
-
-    @property
-    def native_value(self):
-        """Return the state of the sensor."""
-        return self._state
-
-    @property
-    def extra_state_attributes(self):
-        """Return the state attributes of the device."""
-        return self._attr
-
-    def update(self):
-        """Fetch new attributes IRI node."""
-        node_info = self.api.get_node_info()
-        self._state = node_info.get("appVersion")
-
-        # convert values to raw string formats
-        self._attr.update({k: str(v) for k, v in node_info.items()})
diff --git a/requirements_all.txt b/requirements_all.txt
index f6007b5ee73..aa08cceb33a 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1696,9 +1696,6 @@ pyopnsense==0.2.0
 # homeassistant.components.opple
 pyoppleio==1.0.5
 
-# homeassistant.components.iota
-pyota==2.0.5
-
 # homeassistant.components.opentherm_gw
 pyotgw==1.1b1