21st Jun 2025 – (Oslo) Norway is taking decisive action to address the energy-intensive nature of crypto mining activities. In a recent announcement on Friday, 20th June, the Norwegian government unveiled plans to impose a temporary ban on the establishment of new crypto mining data centres. The ban, set to be enforced from August onwards, aims to alleviate the substantial energy consumption associated with mining operations.
Karianne Tung, Minister for Digitalisation and Public Administration, expressed the government’s firm commitment to limiting cryptocurrency mining activities within Norway. This regulatory stance is part of a broader initiative to regulate data centres, including those engaged in crypto mining, as introduced through a bill in April. The proposed legislation mandates the registration of data centres and the disclosure of ownership details, underscoring the government’s determination to restrict undesirable projects.
Norway’s attractiveness to crypto mining stems from its cost-effective and ample electricity supply, particularly in the northern regions where energy and real estate expenses are comparatively lower. As a key contributor to the global Bitcoin mining hash rate, accounting for 2%, Norway’s mining operations necessitate substantial electricity usage. Despite this, the government questions the sector’s economic contribution and job creation potential, prompting a shift in electricity prioritisation towards other sectors of the economy.
In addition to its renowned oil reserves in the North Sea, Norway leverages its significant hydropower capacity, bolstered by its geographical advantages. This reliance on renewable energy sources, free from fossil fuel combustion, underscores Norway’s commitment to sustainability and carbon-neutral practices.