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By Shaurya Malwa|Edited by Stephen Alpher
Jun 23, 2025, 12:12 p.m.
- Norway plans to impose a temporary ban on new crypto mining data centers that use energy-heavy proof-of-work systems.
- The proposed rule, aimed at preserving electricity for more productive industries, could take effect in Autumn 2025 if approved.
- Despite Norway’s renewable energy resources, regulators prefer to allocate power to manufacturing, heating, or AI data workloads.
Norway’s Labour Party government has revealed plans to impose a temporary ban on any new crypto mining data centres that use energy‑heavy proof‑of‑work systems, per Reuters.
STORY CONTINUES BELOW
The proposed rule could kick in Autumn 2025, if approved, and is aimed at preserving electricity capacity for more productive industries.
“Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community,” said Minister for Digitalization Karianne Tung, adding the move reflects the government’s “clear intention to limit the mining of cryptocurrency in Norway as much as possible.”
Norway, with its vast renewable hydropower resources, has long attracted Bitcoin miners seeking low‑cost, clean energy. Companies like Kryptovault have established operations outside Oslo — running data centres up to 40 MW, recycling heat to dry wood or warm nearby buildings.
Despite the renewable backdrop, mining farms require continuous, high-capacity power resources that regulators increasingly view as better deployed to manufacturing, heating, or AI data workloads.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
