Bjarnarflagsvirkjun is a power station that is located near Nmafjall Mountain in the geothermal area of Mvatn.
The Universal Images Group is headed by Sven-Erik Arndt.
According to a report on Tuesday, the main power utility in the country is turning away new miners in order to reduce energy usage.
In the face of a boom and demand for new coins, there is an attraction for cryptocurrencies miners to look for cheap electricity in Iceland. The price of the world's most- traded criptocurrency has increased by 80% during the year of 2021.
Some industrial customers have had their power supplies reduced by the utility. The report said that the reduction was due to low hydro levels, a malfunction at a power station, and a delay in getting power from an external producer.
The report said that Landsvirkjun is rejecting power-supply requests from new clients that mine electronic coins.
Hive Blockchain Technologies from Canada, Genesis Mining from Hong Kong, and Bitfury Holding from the Netherlands are some of the companies that have been operating in Iceland.
Saturday's slide to as low as $42,000 was part of a broader market crash. The selloff was driven by a cocktail of worries including the new Omicron coronaviruses variant and increased chances the Federal Reserve will tighten monetary policy.
Many traders used derivatives and borrowed money in the crash. People can bet on the direction of an asset without actually owning it.
Business Insider has an original article.
