Swedish data center becomes a very attractive choice for digital currency miners
The Norwegian government recently increased the tariff rate of the data center mining digital currency, because they believe that the digital currency industry brings little value and employment opportunities to the country. According to the article released by e24 on November 28, 2018, due to the increase in tax rates, Swedish data centers are increasingly popular, because Norwegian digital currency companies regard Sweden as a potential new home.
Norwegian government tax changes disrupt business activities
Due to the recent tax changes of the government, many Norwegian companies have closed down or are experiencing major challenges. Erik Svensson, Director of the Boden Commercial Bureau, was shocked to hear that the Norwegian government and KrF had changed the law. The data center that digs digital currency will no longer pay 0.48 kilowatt hours for ore, but will increase to the full price of 16.58 kilowatt hours.
Unfortunately, the government's decision has seriously affected many enterprises. Troll Housing, a green data center alternative, will be established in Fraena, Moreog Romsdal, in mid December 2018. Previously, he spent two years signing a block technology contract with a large foreign operator. Unfortunately, after the government imposed a new electricity tax, the transaction did not make progress.
Norwegian company regards Sweden as its base
With more competitive prices, many digital currency miners are turning to Sweden. The data center in Sweden charges about 0.5 ore per kilowatt hour. At Boden, 10 companies are currently digging for Bitcoin and Kryptovaluta. The region has small and large digital currency mining companies, which are part of a broader strategy because their goal is to develop the entire industry. Svensen pointed out that he hoped that digital currency companies would continue to visit Sweden.
Even Bitmain, the world's largest and most popular Bitcoin mining team, sees Sweden as an option. "We have talked with Norwegian partners who have resumed mining from us," said Julie Hvedberg, international sales manager of Bitmain Norwegia. "We are a global company and can move to Sweden or Denmark, but our Norwegian partner has lost the big contract." But Bitmain is still working with the data center in western Norway.
Unlike Norway, Sweden has a more optimistic outlook for digital currency exploitation. Svensson pointed out that the creation and development of the new data center has brought many positive results to the community. Due to the additional income and activities in this area, Boden Community has become Boden Business Park, which will provide hundreds of new employment opportunities.
