Norway plans to ban energy-intensive crypto centers starting in 2025

Norway has proposed a temporary ban on the construction of new energy-intensive cryptocurrency mining centers, which will come into effect in the fall of 2025. This move is aimed at preserving renewable electricity for job-creating industries and supporting national climate goals. The initiative has raised concerns in the mining industry.

Comment:

The ban on the construction of new crypto centers could significantly impact the global industry, considering that Norway utilizes renewable energy. Such measures may affect prices and the availability of mining capacities in Europe. It is important for the industry to seek alternative solutions to reduce energy consumption and comply with environmental standards.