Norway to Impose Temporary Ban on New Crypto Mining Operations

Norway’s Temporary Ban on Crypto Mining: Key Points

• What’s Happening:
  Norway plans to temporarily ban new crypto and Bitcoin mining data centers starting in autumn 2025.

• Reason for the Ban:
  To preserve electricity for more productive and socially beneficial industries, as crypto mining is seen to offer low economic return and few jobs.

• Who’s Leading It:
  The initiative is backed by the Labour Party-led government, with strong support from Digitalization Minister Karianne Tung.

• Scope of the Ban:
  Applies only to new, energy-intensive crypto mining facilities — existing operations will not be shut down.

• Upcoming Legislation:
  A new bill is expected to be introduced in the summer of 2025 to formalize the ban.

• Previous Measures:
  Since April 2024, Norway has enforced a registration law for data centers, allowing local authorities to reject mining-related projects.

• Local Backlash:
  Municipalities, especially in northern regions, claim crypto miners consume too much power and create minimal local value.

• Environmental Concerns:
  Despite Norway’s reliance on renewable energy, officials worry that mining relocation to fossil-fuel-heavy regions could increase global emissions.

• Energy Market Impact:
  Utility companies may lose revenue from mining clients, potentially affecting local electricity pricing.

• Global Implications:
  Norway’s move signals a wider European trend of tightening regulations on crypto mining in favor of energy conservation and economic prioritization.