Norway is reportedly preparing to impose a temporary ban on the development of new data centers specifically dedicated to cryptocurrency mining, a move first reported by Reuters on June 20. This anticipated restriction, expected to be implemented before the end of the year, stems from the government’s pressing environmental and energy conservation concerns. The government’s…
Norway is taking a definitive stance on the energy demands of cryptocurrency mining, announcing its intention to temporarily block the establishment of new data centers engaged in power-heavy crypto mining. This move, initially reported by Reuters, is driven by critical concerns over electricity conservation and the broader economic benefits generated by such operations. The Norwegian…
Norway is taking decisive action to manage its energy resources, announcing a temporary ban on the establishment of new crypto mining data centers. This move, which will become effective in August, is a direct response to the significant electricity consumption associated with cryptocurrency mining activities. The Norwegian government’s decision underscores a growing global debate about…
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