Norway is planning to implement a temporary ban on the establishment of new data centres that use the most energy-intensive methods to mine cryptocurrency, as part of efforts to conserve electricity for other industries, the government announced on Friday (June 20).

“The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,”

said Minister for Digitalisation and Public Administration Karianne Tung, according to Reuters.

“Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community,”

she added.

The government stated that the temporary ban could come into effect during the autumn of 2025.

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