Norway’s government will temporarily block the development of new Bitcoin and cryptocurrency mining facilities starting this year, prioritizing energy for other industries.
The shutdown of a Bitcoin mining facility in Norway caused a 20% increase in electricity bills for the town's residents. The loss of the mining operation's revenue forced the local power company to raise rates to offset costs.
Norwegian bitcoin miner Kryptovault is facing a shutdown of its operations due to extensive noise complaints from locals and a lack of proper paperwork.
