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Iceland cuts power to new Bitcoin miners
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 ... (full story)