Norway Delighted to Welcome New, bitfury Mining, datacenter

Will more countries attempt to lure Bitcoin miners to boost their economies? This represents a major economic opportunity for Norwegian businesses.

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Unlike nations like Japan, which have imposed heavy tax regulations on cryptocurrencies, Norways tax policy by comparison is fairly liberal. Prior to the press conference, Torbjrn Re Isaksen, Norways Minister of Trade and Industry, issued a statement welcoming Bitfury to Norway. It remains to be seen whether this project will be one that moves the entire space forward, but, at the very least, it does say a lot about the untapped opportunities for cryptocurrency mining around the world.

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We look forward to identifying new customer relationships and designing the products and solutions they need to make their enterprises run more securely and efficiently. He said: I am delighted that the Bitfury Group has chosen to establish their new data center in Norway and Mo i Rana. Mar 16, 2018, hut 8: Bitcoin, chip Battle Brewing Behind Hut 8's Canadian Listing. The Global Blockchain Business Council seeks to expand blockchain technology around the world and act in the service of organizations looking how blockchain can advance their business.

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Bitfury was also sure to remain mindful of environmental concerns as well, as mining facilities can consume enormous amounts of electricity. Images courtesy of Shutterstock, Bitfury, Twitter. Bitfury is the leading full-service blockchain technology company. Bitcoin mining giant Bitfury has announced an official partnership with the Norway and local business leaders after meeting with government officials. In Norway, crypto traders and investors must pay a 25 capital gains tax, but losses can be written off.

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Feb 13, 2018, leadership, all articlesMore, global Blockchain Business Council. Blockchain Alliance, the Blockchain Alliance is a public-private forum aimed to make the blockchain ecosystem more secure and to promote further development of this transformative technology. The Blockchain Summit, hosted by The, bitfury, group and Bill Tai, welcomes key global influencers to a riveting discussion about the world-changing potential applications of the blockchain. Data will become an increasingly important resource for the business community as well as for society in general.

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Bitfury, which develops both the software and the hardware solutions for mining businesses, has opened a new mining datacenter in the country of Norway. Share your thoughts below! Thus, as Vavilov noted, the cryptocurrency regulation presently in place in Norway makes a land fertile for the growth of blockchain projects.

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Thus, they also announced their decision to purchase 350 GWh of 1000 renewable energy annually to pursue the goal of sustainability. Norway Partners with BitFury for Bitcoin Mining. More about the Blockchain Alliance, blockchain Summit. We are committed to ensuring security and stability on the blockchain through our state-of-the-art datacenters. Also, apart from this codification of tax law in Norway, there appear to be no other apparent or impending regulations against Bitcoin in Norway.