Norway to Enforce Temporary Ban on New Crypto Mining Facilities for Energy Conservation
Energy/Policy/Tech

Norway to Enforce Temporary Ban on New Crypto Mining Facilities for Energy Conservation

Norway plans to implement a temporary ban on the establishment of new proof-of-work crypto mining data centers in response to rising electricity demands from other sectors.

Norway’s Labour Party government has announced plans to enforce a temporary ban on new crypto mining data centers that utilize energy-intensive proof-of-work systems, per Reuters.

  • The regulation, aimed at conserving electricity for more productive industries, may begin in Autumn 2025, pending approval.
  • Despite Norway’s significant renewable energy resources, regulators prefer to allocate power to manufacturing, heating, or AI workloads.

“Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community,” stated Minister for Digitalization, Karianne Tung. She added that this move shows the government’s clear intent to limit cryptocurrency mining as much as possible.

Norway, known for its abundant renewable hydropower, has previously attracted Bitcoin miners seeking affordable, clean energy. Companies like Kryptovault have set up operations near Oslo, operating data centers with high capacities while recycling heat for local use. Nonetheless, regulatory perspectives are shifting towards diverting energy towards more beneficial sectors.

Next article

Insights from BitGO Europe: The Case for Using Multiple Providers

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!