Norwegian Bitcoin Miners May Move to Sweden Due to Loss of Electricity Subsidies

According to bitcoin news, as Norway will cancel electricity subsidies for cryptocurrency miners from January 2019, Swedish data centers expect a new wave of mining companies leaving Norway and seeking to settle in Sweden.

Miners operating in Norway will have to pay the equivalent of $0.019 per kilowatt-hour (kWh) in January 2019, up from about $0.00056/kWh under current subsidies. In comparison, Sweden pays about $0.00055/kWh, according to Swedish Data Centers.