Norway Bans Crypto Mining to Curb Energy Supply Concerns

Norway has decided to temporarily ban new crypto mining data centers in order to protect its energy supply. The ban was announced on June 20, 2025, and will begin in August 2025. The goal is to reduce the huge amount of electricity used by crypto mining activities and to make sure that energy is available for other important uses.

Crypto mining is the process of creating new units of digital currencies like Bitcoin. It requires strong computers that work all day, using a lot of electricity to solve complicated math problems. These computers run in data centers, which are large buildings full of machines. Because they never stop working, they consume a massive amount of power.

According to Karianne Tung, Norway’s Minister for Digitalization and Public Administration, the government wants to limit crypto mining as much as possible. She said this is part of a bigger plan to reduce energy waste and guide the country’s power toward activities that benefit more people.

In April 2025, the government also introduced a law to regulate data centers. This law would require centers, including crypto mining ones, to register with the government and share information about who owns them. This is meant to give the government more control over which projects are allowed to operate in the country.

Norway has become a popular location for crypto mining because it offers cheap, clean, and reliable electricity. Much of this comes from hydropower, which is electricity made from flowing water. In the northern parts of Norway, both land and energy are even cheaper, making it a favorite spot for mining companies. Because of this, Norway now makes up about 2% of the global Bitcoin mining power.

However, the Norwegian government believes that crypto mining doesn’t help the economy very much. It creates few jobs, and most of the money made from mining leaves the country. At the same time, it puts a lot of stress on Norway’s energy system. For this reason, leaders want to make sure electricity goes to industries and services that support local growth and jobs.

Norway is also thinking about the future. Even though it has a strong energy supply from both oil and water, energy demand is rising. The country wants to protect its resources and make sure energy is used in smart, sustainable ways.

By putting a pause on new crypto mining, Norway is choosing to protect its power supply and focus on long-term benefits for its people and environment.

Entities like MARA Holdings Inc. (NASDAQ: MARA) will be watching whether the jurisdictions in which they have operations, or intend to expand their operations into, remain friendly to the establishment of crypto mining facilities.

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