The bitcoin mining industry in Iceland, which includes numerous large industry players, has had some requests for power denied by the country’s energy utility service provider.
Energy allocations had to be moved to southwestern part of the country due to a series of issues including a problem at a power station, the power provider said, according to a Bloomberg report.
Low hydro-reservoir levels and disruption to energy from an external supplier were the reported causes.
Bitcoin miners have for many years been looking to exploit the country's abundance of geothermal energy, with over 99% of the country's electricity generated from renewable energy sources.
Canada’s Hive Blockchain Technologies, Hong Kong’s Genesis (TSX:GDC) Mining, and Netherlands-based Bitfury Holding are the three major bitcoin mining companies that operate in the Nordic country, with Cloud Hashing and HydroMiner GmbH also having been active there.