On June 20, 2025, Norway is considering a temporary ban on new data centers that use power-intensive cryptocurrency mining methods. This potential ban, slated for autumn 2025, aims to conserve electricity for other sectors. (Source: Reuters, June 20, 2025)
The Minister for Digitalization and Public Administration, Karianne Tung, highlighted the government's focus on limiting crypto mining due to its high energy consumption and limited job creation. Nordland County Council also supports a national ban, citing concerns over the significant power usage of these facilities. (Source: Reuters, June 20, 2025)
In April 2024, Norway introduced registration requirements for data centers, demanding operational details to filter out undesirable activities like crypto mining. As of June 20, 2025, Bitcoin is trading at $103,505.00 USD, down -$960.00 (-0.92%) from the previous close, with Ethereum at $2,417.33 USD, down -$94.87 (-3.78%). (Source: Reuters, June 20, 2025)