Norway to Temporarily Ban New Crypto Mining Centers – Coincu

Norwegian authorities have announced a plan to impose a temporary ban on new data centers utilizing energy-intensive technology for cryptocurrency mining, slated for implementation in fall 2025. Minister Karianne Tung stated the move is intended to prioritize electrical needs for other sectors. “The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible. Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community.”

The ban could lead to shifts in global crypto mining operations, particularly affecting Proof-of-Work (PoW) tokens, including Bitcoin (BTC) and Litecoin (LTC). The move aligns with prior trends where Norway adjusted tax benefits for miners to minimize energy strain.

Norway’s 2025 Crypto Mining Ban Targets Energy Conservation

Little immediate market reaction has been observed following this announcement, with no significant statements from major industry figures like those previously seen in

. Nevertheless, crypto miners are considering relocating to areas with more supportive policies.

The Norwegian government, led by Minister Karianne Tung, intends to halt the establishment of data centers for cryptocurrency mining by 2025. The initiative aims to address energy consumption concerns, echoing previous reductions in tax benefits for mining operations.

Industry response has largely been muted, with no major commentary from key figures at this time. Norway’s policy mirrors a trend seen in multiple countries prioritizing energy conservation over mining incentives.

Historical Context, Price Data, and Expert Analysis

Did you know? Norway is extending its regulatory approach by again restricting crypto mining, echoing China’s comprehensive 2021 measures that equally addressed energy use.

Bitcoin (BTC) remains a key player, with current prices at $106,049.17 according to CoinMarketCap, and a market cap of $2.11 trillion. The asset has shown a slight increase of 1.19% over the past 24 hours, while maintaining a 90-day growth of 25.92%.

Coincu analysts anticipate mining operations could increasingly relocate to jurisdictions with favorable energy policies. This shift might spur technological adaptations by miners seeking efficiency, although immediate technological or market upheavals are unlikely given the provisional nature of the Norwegian ban.