Bitcoin mining centres in Iceland are likely to use more electricity than all the entire nation 's homes this year , according to Johann Snorri Sigurbergsson , a spokesman for energy firm og Orka . He said data centres , keen to demonstrate their green credentials , were attracted by Iceland 's near 50 % renewable energy output , sparking " exponential growth " in consumption . He added that Orka was looking to form long - term partnerships with businesses , and said the firm has received more data centre proposals than Iceland 's economy could cope with . The Moonlite Project , a 15 MW data centre , is set to open later this year .
Bitcoin mining centres in Iceland are likely to use more electricity than all the island nation's homes this year, according to Johann Snorri Sigurbergsson, a spokesman for energy firm HS Orka. He said data centres, keen to demonstrate their green credentials, were attracted by Iceland's near 100% renewable energy output, sparking "exponential growth" in consumption. He added HS Orka was looking to form long-term relationships with businesses, and said the firm has received more data centre proposals than Iceland's grid could cope with. The Moonlite Project, a 15 MW data centre, is set to open later this year.