📰 BREAKING: Norway to Temporarily Ban Power-Intensive Crypto Mining
The Norwegian government has just announced a temporary ban on new cryptocurrency mining projects that consume high amounts of electricity, effective autumn 2025.
🔌 The move is aimed at preserving energy for core industries and prioritizing local infrastructure.
💬 “Crypto mining consumes a lot of electricity and contributes little to job creation or local development” said Karianne Tung, Minister of Digitalization.
⚠️ Existing mining operations won’t be affected — but no new large-scale mining projects will be allowed.
⚡ Why This Matters
Could trigger a geographic shift in global hashpower.
Highlights rising political and environmental pressure on energy-heavy blockchain operations.
Signals potential for future tax hikes or stricter crypto energy regulations across Europe.
Norway has been a top destination for cheap, renewable mining energy. This move might be the first domino in a broader European crackdown.
