Starting December 7, no new requests for power from Bitcoin mining operations will be accepted from the country’s energy utility service.
National Iceland electrical company Landsvirkjun has cut the amount of power it will provide for some industries, including aluminium smelters and Bitcoin miners.A representative from the island’s power utility reported it has been forced to reduce energy allocations to southwestern Bitcoin miners and various industrial facilities due to a series of issues including a problem at a power station, low hydro-reservoir levels and accessing energy from an external supplier.Mining operations have long been attracted to the country due to its abundance of geothermal energy which is harvested to create a cheap and plentiful supply of renewable energy. But from Dec. 7 for an unknown period of time, any new requests for electricity from mining operations will be rejected, according to Landsvirkj
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