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Norway is reportedly planning to introduce a temporary ban on the development of new data centers linked to crypto mining activities, citing environmental and energy concerns. This move aims to reduce crypto mining activity as much as possible.
Despite the government’s stance against mining, Norwegian companies are deepening their involvement with Bitcoin. According to recent data from Nordics Bitcoin, Aker ASA, a major industrial holding company, currently holds over $80 million in Bitcoin, making it the country’s largest corporate holder of the asset.
Other local firms have also increased their accumulation of Bitcoin, with K33 acquiring 25 BTC this year and planning to increase its holdings to 1,000 BTC. Furthermore, the Norwegian Block Exchange recently purchased 6 BTC and intends to expand its reserve to 10 BTC by the end of June as part of an exploratory initiative.
These moves demonstrate that Bitcoin continues to gain traction as a treasury asset among Norwegian firms despite the political headwinds. The corporate interest aligns with the global trend, where Bitcoin has become a prominent player in the international financial system.
In contrast, Norway’s position stands out among other countries embracing state-backed mining programs that utilize surplus energy and boost national income, such as El Salvador, Belarus, and Pakistan.
Source: cryptoslate.com
