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Arctic Economy Energy Environment

Cryptocurrency miners seek cheap energy in Norway and Sweden

The price for electricity in Sweden and Norway is even cheaper than in Iceland, a current favorite locaing for cryptocurrency mining.

By Christoph Steitz and Stephen Jewkes, Reuters April 10, 2018
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FRANKFURT/MILAN — Cryptocurrency miners are moving in to Norway and Sweden to take advantage of cheap hydro-electric energy and low temperatures to power and cool their servers.

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