Bitcoin Mining Shutdown in a Norway town Cause 20% Surge in Electricity Bills for residents

Amazing stuff! You can't make this up!

Maybe it is just the particulars of this case, but it may portend something!

"The closure of a Bitcoin mining facility in the Norwegian town of Hadsel has led to a 20% increase in electricity bills for residents. The mine was shut down after the municipality declined to renew its permit due to noise complaints.

Kryptovault operated the mining facility for 20% of local power company Noranett's revenue. With the loss of its largest customer, Noranett is raising prices for households to compensate. ..."

Bitcoin Mining Shutdown Cause 20% Surge in Electricity Bills - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights "The shutdown of a Bitcoin mining facility in Norway caused a 20% increase in electricity bills for the town's residents. The loss of the mining operation's revenue forced the local power company to raise rates to offset costs."