Calls Grow to Curb Cryptocurrency Mining in Norway Amid Power Concerns
OSLO, Norway – A leading voice in Norwegian labor is calling for a government inquiry into a potential ban on cryptocurrency mining, citing concerns over its intensive power consumption and potential impact on regional progress. Frode Alfheim, leader of Forbundet Styrke, argues that the energy demands of crypto mining pose a threat to settlement in rural districts and that Norway should prioritize industries offering greater benefits.
The debate comes as more than half of Norway’s data centers are owned by foreign entities, according to a recent report from E24. Alfheim contends that the benefits offered by the data center industry – including tax revenue, district heating, and job creation – are insufficient justification for facilitating cryptocurrency operations. “I see no reason why we should generally facilitate crypto in Norway. it gives too little compared to other industries,” he stated. ”We must use our heads and not let just anyone enjoy the benefits of our natural resources.”
Alfheim emphasized the need to “use every chance to stop it,” referring to cryptocurrency mining. While neither Forbundet Styrke nor Norsk Industri have presented specific instances of cryptocurrency mining directly displacing other industries, the concern centers on the significant electricity usage and its potential to strain power grids, particularly in areas with limited capacity.
The call for scrutiny adds to ongoing discussions about the sustainability and economic impact of cryptocurrency mining in Norway, a nation with abundant hydropower resources that have attracted digital currency operations. The government has yet to respond to the request for a formal investigation.
