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THE MINING POD: Bitcoin Mining in the Nordics W/ Jaran Mellerud

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 14 January 2025

⏱️ 45 minutes

🧾️ Download transcript

Summary

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 Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor Tech, Leaders In Bitcoin Mining and Compute Power! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.7

What's up, y'all? Welcome back to the mining pod. For today's show, we have Yaron Melarud, the CEO of Hashlab Mining on, to discuss Bitcoin mining in the Nordics.

0:59.9

Yarin is based in Norway and has a deep understanding of the Bitcoin mining industries in Norway, Sweden, Finland, and Iceland.

1:07.9

So for today's show, we talk about the Bitcoin mining industries there,

1:11.6

which players are most active, which countries he thinks are primed for the most growth going

1:16.3

forward, and also a few other interesting tidbits like heat reuse for district water heating

1:22.2

in Finland, and also rumblings of a Bitcoin mining ban in Norway that Yaron is somewhat skeptical will

1:29.3

actually come to fruition.

1:30.3

I hope you enjoy this conversation.

1:32.3

Yaron is a longtime friend.

1:33.3

And I think he brings some really good insights for Bitcoin mining in this region.

1:38.3

So without further ado, let's jump right into it.

1:41.3

Are you retail or institutional investor interested in Bitcoin mining companies?

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