The Norwegian government plans to introduce a temporary ban on new energy-intensive data centers for cryptocurrency mining, including $BTC , to conserve electricity for other sectors. As reported by Minister of Digitalization Kjersti T. Aas, the Labour Party government intends to limit operations due to high energy consumption and minimal economic contribution. The ban could come into effect by autumn 2025. Norway, known for its cheap hydroelectric power, has attracted miners, but environmental concerns have prompted a policy review. Experts note that this decision could impact 0.74% of the global hash rate generated by Norwegian farms.
Although there is currently no complete ban on mining, new regulations will require data centers to register and report. Critics argue that the ban could raise electricity prices for consumers, as happened after the closure of the Kryptovault farm in 2023, when bills increased by 20%. Meanwhile, the government insists on prioritizing 'socially beneficial' projects. Miners may be forced to move operations abroad, complicating their activities.
The situation in Norway reflects a global trend towards curbing energy-intensive mining. Stay tuned for updates!
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