Blockchain

Norway and Sweden's cheap energy is luring cryptocurrency miners

A windmill stands next to the ocean in Utsira, a North Sea island of just 6 square kilometres (2.3 square miles) and home to 210 people who already get most of their power from two onshore windmills, in this photo taken April 22, 2008. Norway's government is contemplating licensing "blocks" for offshore wind generation, and Norwegian oil company StatoilHydro aims to start work next year on a floating turbine project near the site of the first North Sea oil discovery 40 years ago. To match feature NORWAY-WIND/   REUTERS/Wojciech Moskwa (NORWAY)

Cheap electricity and cool temperatures are drawing cryptocurrency miners to Sweden and Norway Image: REUTERS/Wojciech Moskwa

Christoph Steitz
Writer, Reuters
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Bitcoin energy consumption is on the rise. Image: Digiconomist; International Energy Agency
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