Norway bans new power-intensive crypto mining to conserve electricity
Norway will temporarily ban the launch of new crypto mining data centers in an effort to reduce energy usage.
Norway is cracking down on energy-intensive crypto mining operations. On Friday, June 20, the Norwegian government announced a temporary ban on new data centers that mine crypto. The ban, which will take effect in August, is intended to curb the significant energy consumption associated with mining activities.
“The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,” Minister for Digitalization and Public Administration Karianne Tung.
The move is part of an ongoing crackdown on crypto mining in the country. In April, Norway introduced a…
