Norway to Ban New Crypto Mining Farms from 2025
Norway will halt new PoW crypto mining farms in 2025 to save energy for vital industries.
- Norway will ban new PoW mining data centers from autumn 2025
- The move aims to save electricity for more productive uses
- Officials say crypto mining adds little economic value
Starting in autumn 2025, Norway plans to impose a temporary ban on the establishment of new data centers dedicated to proof-of-work (PoW) cryptocurrency mining. This decision, announced by the Norwegian Minister of Digitalization, underscores the government’s intent to redirect its energy resources toward industries that contribute more significantly to economic development.
Crypto mining, particularly PoW, is known for consuming substantial amounts of electricity. In a country like Norway, where hydroelectric power is a key resource, energy management is critical. The government believes that dedicating this power to more productive sectors, such as manufacturing or digital infrastructure, will yield better returns for the local economy.
Crypto Mining Under Scrutiny
The ban comes amid growing global scrutiny over the environmental impact of crypto mining. In Norway’s case, the government emphasized that while these operations use large amounts of power, they contribute minimally to job creation or local income. This concern is especially relevant in regions where data centers operate almost autonomously with limited human involvement.
Norway’s stance also mirrors a broader European trend of regulating crypto-related activities more strictly. The country’s focus on sustainable development aligns with its environmental goals and long-term economic strategy.
Impact on the Crypto Sector
While the ban is temporary, it sends a clear message about Norway’s priorities. Existing crypto mining farms will not be affected, but new developments will face roadblocks. This could push miners to seek countries with more lenient regulations, potentially reshaping the geographic distribution of mining operations in Europe.
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