Norway Plans Temporary Ban on Power-Intensive Crypto Mining

Published at 2025-06-20 12:07:40
Norway Plans Temporary Ban on Power-Intensive Crypto Mining – cover image

Norway's government has announced plans to impose a temporary ban on new data centers utilizing the most power-intensive cryptocurrency mining methods starting autumn 2025. This legislation aims to preserve precious electricity resources for other vital industries, reflecting increasing concern over the environmental and economic impacts of crypto mining.

Minister for Digitalization and Public Administration Karianne Tung highlighted that the Labour Party-led government views cryptocurrency mining's high energy consumption as unsustainable, especially given its minimal contributions to job creation and the local economy.

This move in Norway aligns with global discussions about balancing the digital economy's growth with environmental responsibility. For crypto enthusiasts seeking responsible ways to invest, platforms like Bitlet.app offer innovative solutions such as Crypto Installment services, allowing users to buy cryptocurrencies now and pay over time, providing flexibility while being mindful of energy consumption trends.

By carefully managing energy-intensive operations, countries like Norway are setting benchmarks for sustainable digital development, encouraging the crypto community to adopt greener practices.

Explore Bitlet.app today for smarter crypto buying options that align with a more sustainable future.

Crypto MiningNorwayEnergy ConsumptionEnvironmental PolicyCryptocurrencyData CentersDigitalization
Share on:

Related news

One-Third of French Crypto Firms Remain Unlicensed as MiCA Deadline Looms

French regulators say nearly 30% of crypto firms have not applied for MiCA authorization ahead of a key compliance deadline, putting many operations at legal risk. The disclosure raises fresh concerns about enforcement and service continuity for customers.

RegulationCryptocurrencyComplianceFranceMiCA
Published at 2026-01-16 21:15:10
Top U.S. Real Estate Firms Move to Embrace Cryptocurrencies

Newrez LLC and Megatel Homes LLC disclosed plans to make cryptocurrencies a meaningful part of their strategies; Newrez will factor crypto holdings into mortgage risk assessments. The moves signal growing lender attention to crypto-native buyers and risk modeling for digital assets.

Real EstateRegulationCryptocurrencyLendersMortgages
Published at 2026-01-16 20:15:31
Riot Platforms Soars 11% After Bitcoin Sale Funds Texas Acquisition

Riot Platforms jumped roughly 11% after disclosing it sold more than $160 million in Bitcoin to finance a Texas data-center acquisition. The company says the move is part of a strategic shift to redeploy capital into expanding mining infrastructure.

MiningData CentersBitcoinTexasRiot Platforms
Published at 2026-01-16 18:30:38
Texas Homebuilder Megatel Wins SEC Approval for Crypto Rewards Token

Privately owned Megatel Homes LLC said the SEC has approved its plan to issue a cryptocurrency-based payments and rewards token, marking a regulatory green light for the company's Web3 customer program.

CryptocurrencyReal EstateSEC ApprovalRewards TokenMegatel Homes
Published at 2026-01-15 23:30:08
Binance Burns 1.37M BNB in 34th Quarterly Burn

Binance completed its 34th quarterly BNB burn on January 15, destroying 1.37 million BNB and prompting discussion after comments from founder CZ. The move continues Binance’s scheduled deflationary tokenomics.

BinanceToken BurnCZCryptocurrencyBNB
Published at 2026-01-15 18:00:34

DeFi

All DeFi posts

Bitcoin

All Bitcoin posts

Blockchain

All Blockchain posts

ETF

All ETF posts

Stablecoins

All Stablecoins posts