Norway has announced a temporary ban on the establishment of new cryptocurrency mining data centers, effective August 2025, as part of efforts to protect its energy supply. The decision, made public on June 20, 2025, targets the significant electricity demand posed by crypto mining operations, ensuring energy availability for other critical sectors.
The move is expected to have broad implications for the cryptocurrency industry, particularly for companies like MARA Holdings Inc. (NASDAQ: MARA), which may need to reassess their operations and expansion plans in light of Norway's new policy. This development underscores the growing global concern over the environmental and energy impacts of cryptocurrency mining, prompting governments to take action to balance technological advancement with sustainability goals.
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