Bitcoin, Dogecoin Targeted as Norway Eyes Ban on New Crypto Mining Operations
Norway's Labor government is investigating a temporary ban on new power-intensive crypto mining operations, citing better uses for the energy, such as community data centers and blockchain applications. The government plans to explore this ban during the fall of 2025, focusing on cryptocurrencies that utilize the most power-consuming technologies. Energy Minister Terje Aasland emphasized that prohibiting such mining could free up resources for more valuable societal contributions, including job creation and reducing greenhouse gas emissions. Norway previously ended electricity subsidies for Bitcoin miners in 2018. Despite having abundant hydroelectric power, Norway's electricity prices have surged due to energy cost increases from neighboring countries. The global crypto mining industry primarily targets Bitcoin but also includes other proof-of-work cryptocurrencies like Dogecoin and Litecoin.
