Iceland will not accept new power requests for Bitcoin mining from December 7, 2021.
Iceland’s national power company, Landsvirkjun, has reduced the amount of energy it supplies to some industries, including Bitcoin mining.
A Landsvirkjun representative said that the problem with one of the power stations, low hydro-reservoir in the amount of energy supplied to various sectors due to a number of problems with energy levels and access to energy from external suppliers. Said it would be a limitation.
Iceland has renewable and cheap geotherml for a long time due to energy resources of miners attracts attention. However, according to Landsvirjun’s statement, the new energy requests will not be answered positively..
Hive Blockchain Technologies, Genesis Mining and Bitfury Holdings companies such as find Bitcoin mining facilities in Iceland.
Iceland’s electricity %oneare produced by non-renewable energy sources.