Norwegian power prices surged 20% after Bitcoin mining ended, Daniel Batten notes

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Daria Chernytska

31.08.2026

Norwegian power prices surged 20% after Bitcoin mining ended, Daniel Batten notes — Bitcoin mining kept Norwegian power prices low

Daniel Batten describes how Norwegian residents became aware of the impact of Bitcoin mining on their electricity costs when, in September 2024, the absence of mining activity led to a 20% increase in power prices.

He references the song 'Big Yellow Taxi' to suggest that the value of Bitcoin mining was only recognized by residents after it was gone, emphasizing that for years, mining operations had been contributing to lower energy prices.

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Batten has previously identified errors in major publications' coverage of Bitcoin, noting Britannica's lack of references to supporting research. He has also reported on energy-related mining activities, such as an Australian brewery that used excess solar energy for Bitcoin mining while powering beer production. These reports reflect Batten's ongoing focus on the relationship between Bitcoin mining and energy usage.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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