Jaran Mellerud breaks down why Finland, Iceland, Norway, and Sweden have captured almost all of Europe's bitcoin mining industry.

Welcome back to The Mining Pod! Today, the CEO of Hashlabs Mining, Jaran Mellerud, joins Colin to discuss Bitcoin mining in Finland, Iceland, Norway, and Sweden. Bitcoin mining on the European market is almost exclusively confined to these Nordic countries – this episode explores why. Jaran and Colin discuss power markets in these countries, why mining has gotten more expensive in Sweden and Norway, the toothless attempt to ban mining in Norway, how bitcoin miners are helping with district heating in Finland, and more.

Timestamps:

00:00 Start

01:53 Jarran intro

02:31 Why is hashrate concentrated in Nordic countries?

05:42 How has mining there changed recently?

16:33 Cooling Hashlabs

20:37 Finland nuclear surplus

23:06 Finland district heating

24:53 Is Norway banning mining?

29:02 Iceland vs Norway AI data centers

31:25 Public vs private mining

33:16 Bitdeer expanding Norway

36:59 Iceland & Finland hydro & geothermal

38:57 Mining elsewhere in the EU?

41:20 Green manufacturing failing & excess power

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