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Norway plans temporary ban on power-intensive cryptocurrency mining
Published by Global Banking & Finance Review®
Posted on June 20, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 20, 2025
1 min readLast updated: January 23, 2026
Norway plans a temporary ban on new power-intensive cryptocurrency mining to conserve electricity for other sectors, potentially starting in autumn 2025.
COPENHAGEN (Reuters) -Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country's government said on Friday.
"The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible," Minister for Digitalization and Public Administration Karianne Tung said in a statement.
"Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community," she added.
A temporary ban could be introduced during the autumn of 2025, the government said.
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency using power-intensive technology to conserve electricity.
The Labour Party government intends to limit cryptocurrency mining as it is very power-intensive and generates little in terms of jobs and income for local communities.
The government has indicated that a temporary ban could be introduced during the autumn of 2025.
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