Norwegian miners will move to Sweden

From January 2019, Norway is expected to abolish electricity benefits for mining companies. As a result, Swedish data centers are expecting a wave of requests from mining companies looking to move their operations to Sweden.

Local media report that miners leaving Norway have become interested in Swedish data centers after reports of cancellation of electricity benefits. In January 2019, miners operating in Norway will have to pay the equivalent of $0.019 per kilowatt hour (kWh) instead of the $0.0056 per kWh they previously paid after incentives. Swedish data centers pay $0.0055 per kWh, and these rates are not expected to change.

There are currently about 10 mining companies operating in the Swedish city of Boden. Erik Svensson, director of Boden Business Agency, predicts that there will soon be many more of them as companies begin to leave Norway:

These companies will soon begin to contact us themselves, since we are talking about a lot of money, and our prices are definitely cheaper. This will bring additional benefits to the city. Currently, Buden employs several hundred people. Due to the activity and revenue generated in the city, construction has begun on the Boden Business Park, which will create hundreds of jobs.

The company Bitmain is one of the companies affected by the Norwegian government's decision to cancel benefits.

"Government Policy is pushing the industry out of Norway,” said Julia Hvidberg, International Sales Manager at Bitmain. “We are a global company and we could move to Sweden or Denmark, and our Norwegian partner would lose a big contract.”

According to https://news.bitcoin.com