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Norway’s Crypto Crackdown: Government Moves to Ban New Mining Data Centers Amid Energy Crisis

Norway’s Crypto Crackdown: Government Moves to Ban New Mining Data Centers Amid Energy Crisis

Author:
Coindesk
Published:
2025-06-23 12:12:53
8
2

Norway Plans Ban on New Crypto Mining Data Centers to Preserve Power

Norway just threw a wrench in crypto's energy-hungry machinery—regulators are pulling the plug on new mining operations to safeguard national power reserves.

Energy crunch forces hard choices

While Bitcoin maximalists scream about decentralization, Oslo's calculus is simple: when winter blackouts loom, heating homes beats minting digital gold. The ban targets only new facilities, leaving existing miners sweating over potential future restrictions.

Hypocrisy watch: Norway still happily exports fossil fuels to power overseas data centers—because nothing says 'environmental stewardship' like outsourcing your carbon footprint.

|Square

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