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Iceland cuts power to new Bitcoin miners -Breaking

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© Reuters.

Landsvirkjun is a National Iceland electrical company that has reduced its power supply to some industries like mines and aluminum smelters.

A representative from the island’s power utility reportedIt was forced to cut energy allocations for southwestern Bitcoin miners, and other industrial facilities because of a number of issues. These included a problem at the power station, low levels in hydro-reservoir and having to access energy from an outside supplier.