The Norwegian government has announced plans to temporarily ban new data centers dedicated to energy-intensive cryptocurrency mining, in an effort to conserve electricity for other industries.

Until 2021, Norway had widely embraced bitcoin mining, which prompted companies like Bitfury, Bitzero, Bitdeer, Kryptovault, and Arcane Green Data to establish significant mining operations in the country. However, by the end of 2021, rising energy prices began to affect miners' profitability, forcing some to relocate to the northern part of the country.