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Hive Criticizes Norwegian Government Amid Concession Cuts to Miners

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HIVE Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries. The release criticizes the government’s “unilateral” move to suspend the subsidy without consulting with representatives of the mining industry and discusses proposed changes to the loan agreement pertaining to Hive’s sole asset located in Norway.

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Hive Criticizes Norwegian Decision to Revoke Electricity Subsidies to Miners

Hive Criticizes Norwegian Government Amid Concession Cuts to MinersHive has taken aim ...

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