THELOGICALINDIAN - With Norway set to abjure electricity subsidies for cryptocurrency miners from January 2024 alee Swedish abstracts centers are anticipating a beachcomber of inquiries from mining companies gluttonous to abode in Sweden
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Data Centers See Demand from Miners Leaving Norway
Local media outlets accept appear that Sweden’s abstracts centers apprehend a beachcomber of absorption from miners abrogation Norway, afterward letters that the government will abolition electricity concessions. As of January 2019, miners operating in Norway will accept to pay the agnate of $0.019 per kilowatt-hour (kWh), up from about $0.0056/kWh beneath the accepted subsidies. By contrast, Swedish abstracts centers reportedly pay the agnate of about $0.0055/kWh.
Swedish Municipality of Boden Seeks Miners
The Swedish city of Boden currently hosts about 10 cryptocurrency mining companies. But Erik Svensson, administrator of the Boden Business Agency, predicts that the cardinal of miners in the belt will anon abound as companies activate to leave Norway.
“It is bright that … we are acceptable actual attractive,” Svensson said in advertence to Norway’s revoked subsidies. “This is about … big money … and it’s absolutely activity to accomplish it cheaper here.”
When asked if he will ability out to miners based in Norway, Svensson stated: “I anticipate the companies in Norway are contacting us, they apperceive area we are.”
Svensson additionally emphasized the abeyant allowances that added advance from mining companies could accompany to the locality. He estimated that there are “a few hundred people” currently active by abstracts centers in Boden. “As a aftereffect of acquirement and action in the municipality, we accept started architecture Boden Business Park, area we will actualize hundreds of jobs,” he added.
Bitmain Reportedly Eyeing Sweden
Bitmain is one of a cardinal of mining companies that accept had their operations impacted by the Norwegian government’s accommodation to abolish the subsidies.
“Government action [is] push[ing] the industry out of Norway,” said Julie Hvideberg, the arch of the company’s Norwegian operations. “We are a all-around aggregation and can move to Sweden or Denmark, but our Norwegian accomplice loses a big contract.”
Do you anticipate that miners beat Norway will authorize operations in Sweden? Share your thoughts in the comments area below.
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