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Key Notes Norway will temporarily ban the establishment of new data centres that mine cryptocurrency.
The authorities think this operation does not generate jobs or contribute to income for the local community.
Cambridge reports that half of Bitcoin mining is powered by low-carbon or renewable energy sources.
. Norway is considering a temporary ban on Bitcoin BTC $105 550 24h volatility: 1.0% Market cap: $2.10 T Vol. 24h: $23.08 B mining operations in its region. The authorities are concerned about the massive use of electricity and its impact on the economy. According to a statement from the Nordic country’s government, the ban will take effect in the Autumn of 2025. Norway to Put a Stop to Data Centre Establishment Over the years, Norway, especially its northern wing, has become home to Bitcoin mining companies due to its relatively cheap electricity. This outlook is on the verge of changing with the ban that the country intends to impose very soon. According to a Reuters report, Norway will temporarily ban establishing new data centres that mine cryptocurrency, especially those with the most power-intensive technology. The goal is to conserve electricity for other industries and even household use. Norway’s Minister for Digitalization and Public Administration, Karianne Tung, announced that the Labour Party is keen on taking on this action. Apart from being power-intensive, the Minister thinks that Bitcoin mining does not contribute much to job creation or income for the local community. Norway’s push against cryptocurrency mining has been ongoing for quite some time. As a result, it has kept a close eye on data centers and their operations within its borders. In 2024, the country announced its decision to introduce new legislation to regulate its data center industry. At the time, Tung noted that it was Norway’s first attempt at scrutinizing…

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Filed under: News - @ June 20, 2025 2:29 pm