Bitmain Corporation Closes its Office in Norway

Representatives of the leading manufacturer of network equipment Bitmain announced their plans to close their branch in Norway. This office will be moved to Germany because the company believes that conditions for business there are more favorable. It should be noted that this office worked only for 12 months.

A former general manager Julie Hvideberg stated that the main reason for the closure is the removal of electricity subsidies. She believes that in the near future all the biggest mining pools will be concentrated in countries which have cheap electricity (Russia, China, etc.).

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