Share this article
Norway Plans Ban on New Crypto Mining Data Centers to Preserve Power
Facing surging electricity demand from other sectors, Norway’s government said it will temporarily ban new proof-of-work crypto mining centers starting in autumn 2025.
Jun 23, 2025, 12:12 p.m.
What to know:
- Norway plans to impose a temporary ban on new crypto mining data centers that use energy-heavy proof-of-work systems.
- The proposed rule, aimed at preserving electricity for more productive industries, could take effect in Autumn 2025 if approved.
- Despite Norway's renewable energy resources, regulators prefer to allocate power to manufacturing, heating, or AI data workloads.
Norway’s Labour Party government has revealed plans to impose a temporary ban on any new crypto mining data centres that use energy‑heavy proof‑of‑work systems, per Reuters.
STORY CONTINUES BELOW
The proposed rule could kick in Autumn 2025, if approved, and is aimed at preserving electricity capacity for more productive industries.
“Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community,” said Minister for Digitalization Karianne Tung, adding the move reflects the government’s “clear intention to limit the mining of cryptocurrency in Norway as much as possible.”
Norway, with its vast renewable hydropower resources, has long attracted Bitcoin miners seeking low‑cost, clean energy. Companies like Kryptovault have established operations outside Oslo — running data centres up to 40 MW, recycling heat to dry wood or warm nearby buildings.
Despite the renewable backdrop, mining farms require continuous, high-capacity power resources that regulators increasingly view as better deployed to manufacturing, heating, or AI data workloads.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
What to know:
- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
Top Stories
