Bitcoin

An unexpected situation has unfolded in the Norwegian commune of Hadsel: following the closure of a major cryptocurrency data center, local residents have faced a 20% increase in <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a> bills The data center, which was involved in Bitcoin mining, was one of the largest energy consumers in the region, consuming about 80 GWh annually—equivalent to the energy usage of 3,200 households.
The data center provided 20% of the revenues for the local energy company Noranett, enabling them to maintain low tariffs for the population. However, after its closure, the company lost a significant portion of its income and was forced to redistribute costs among the remaining consumers. Now, the average family has to pay an additional $2,500–$3,000 per year for electricity.
Local authorities acknowledge that the situation is challenging but emphasize that these are temporary difficulties, and they are working to attract new large energy consumers. Municipal officials are considering developing other energy-intensive industries, such as <a href="https://ultramining.com/news/en/crypto-miners-shift-gears-ai-is-the-new-gold-rush/" rel="noopener noreferrer nofollow">data centers</a> or manufacturing plants, to compensate for the lost revenue and stabilize prices for residents.

Residents of Norwegian Commune Face 20% Bill Increase After Crypto Center Closure

Ultramining_Eng

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