Iceland’s national power company Landsvirkjun has cut the amount of power it will supply to some industries, including smelters and miners.
A representative of the island’s power company has reported that they have been forced to reduce power allocations to Southwest Bitcoin miners and various industrial facilities due to a number of inconveniences, such as a problem that occurred at a power plant. , as well as the low level of the reservoirs and access to energy from an external supplier.
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The country has long attracted mining operations due to its abundance of geothermal energy, which is harnessed to create a cheap and abundant supply of renewable energy. But as of December 7 and for an unknown period of time, any new request for power service by mining operations will be rejected, according to Landsvirkjun.
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