Nordic bitcoin miners get a boost from cheap power

Raining money: A file picture showing a visual representation of the digital crypto-currency. It is made in giant computer farms that process complex algorithms in halls as big as airport hangers. — AFP

STOCKHOLM: The Nordic region once again has become a lucrative place to mine crypto-currencies, thanks to a plunge in electricity prices.

The wettest weather in at least 20 years boosted production from hydro-electric plants, leaving Sweden and Norway with some of the lowest power prices in the world.