Norwegian Bitcoin Mine Closure Causes 20% Increase in Local Energy Costs
Hadsel, Norway – Source: Wikipedia In Hadsel , Norway, the closure of the Stokmarknes Datasenter Bitcoin mining facility has led to a significant spike in local electricity prices. The shutdown, which took effect in early September, followed persistent noise complaints from residents, prompting local authorities to refuse the renewal of the facility’s permit. Robin Jakobsen , Network Manager at Noranett , the area’s electricity provider, revealed the financial repercussions of the shutdown. “When such a large individual customer switches off overnight, it has an impact,” Jakobsen explained. He projected that local households could face a 20% increase in their electricity bills, amounting to an additional $300 by next month. Economic and Environmental Perspectives The Bitcoin mining facility, which consumed energy equivalent to approximately 3,200 households annually, accounted for 20% of Noranett’s revenue. With its closure, the company i...