Iceland Cuts Power to Industry, Turns Away New Bitcoin Miners - Aliens: AI Crypto News & Markets Updates

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Iceland Cuts Power to Industry, Turns Away New Bitcoin Miners

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Yahoo Finance

Tue, Dec 07, 2021

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(Bloomberg) -- A lack of power in Iceland has caused the island’s main utility, Landsvirkjun, to reduce supplies to some industrial customers, such as aluminum smelters, data centers and fish meal factories, as well as turn away new Bitcoin miners.

Most Read from Bloomberg The World’s Relentless Demand for Chips Turns Deadly in Malaysia Sand and Soldiers Mix as Troops Move In to Protect Cancun Tourists Even in the Metaverse, Not All Identities Are Created Equal The $300 Billion Plan to Bring Green Power to China’s Megacities Meet the New Climate Refugee in Town: Coyotes Low hydro reservoir levels, a malfunction at a power station and a delay in obtaining power from an external producer led to the reduction, effective immediately, the company said on Tuesday.

All power-supply requests from new clients mining electronic coins are now rejected, Landsvirkjun said.

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