According to the report, the government is expected to implement the restrictions before the end of the year, citing environmental and energy concerns.
The government says the aim is to preserve electricity for more productive uses.
Karianne Tung, Norway’s Minister for Digitalization and Public Administration, said authorities want to reduce crypto mining activity as much as possible. She added that these operations offer limited economic benefit, bringing in few jobs or tax revenue, despite consuming large volumes of energy.
While the government is pushing back against mining, Norwegian companies are deepening their involvement in Bitcoin.
Meanwhile, the Norwegian Block Exchange recently purchased 6 BTC and expects to expand its reserve to 10 BTC by the end of June as part of an exploratory initiative.
These moves suggest that Bitcoin continues to gain traction as a treasury asset among Norwegian firms despite the political headwinds.
The corporate interest aligns with a global trend that has seen the top crypto become a prominent player in the international financial system.
