Miners are on the move again, forever chasing that combination of abundant electricity for relatively low prices. This time, they’re heading north of the Arctic Circle. Sweden and Norway are home to some of the most abundant energy sources in the world: geothermal, wind, and hydro electricity. 

These countries have increasingly become attractive to Bitcoin miners. But the combination of Russia’s invasion of Ukraine with rising inflation and environmental factors like drought, are curbing the availability of cheap electricity in these Nordic regions. Miners in some of these areas could even be regulated out of the market. 

Bloomberg Editor Lars Paulssonjoins this episode to discuss what’s happening in the region.

<a href="https://www.bloomberg.com/news/articles/2022-08-09/norwegian-bitcoin-miner-heads-north-to-escape-record-power-bills">Miners are on the move again</a>, forever chasing that combination of abundant electricity for relatively low prices. This time, they’re heading north of the Arctic Circle. Sweden and Norway are home to some of the most abundant energy sources in the world: geothermal, wind, and hydro electricity. 
These countries have increasingly become attractive to Bitcoin miners. But the combination of Russia’s invasion of Ukraine with rising inflation and environmental factors like drought, are curbing the availability of cheap electricity in these Nordic regions. Miners in some of these areas could even be regulated out of the market. 
Bloomberg Editor <a href="https://www.bloomberg.com/authors/AHJvswEXujY/lars-paulsson">Lars Paulsson</a> joins this episode to discuss what’s happening in the region.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Bloomberg Crypto

Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. Bloomberg journalists will help cut through all the noise and provide clarity, context and authority.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. Bloomberg journalists will help cut through all the noise and provide clarity, context and authority. In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Why Crypto Miners Are Moving to the Arctic Circle

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3137ca01-c44b-4386-895d-af15014062b9/transcript

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