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Posted on: Dec. 22, 2022, 1:01 p.m.
Miners moved to northern Norway and Sweden to avoid high energy costs. Now, power prices are surging there, too. : Bitcoin miners operating in northern Norway and Sweden, where they sought refuge from sky-high electricity prices earlier this year, are powering down for the winter as energy tariffs surge. Just a few months ago, European miners flocked to the continent’s northernmost regions, which have among the cheapest power prices in the world due to abundant hydroelectric power and low demand, … Full investment news article