Forget Crypto, Minister Says. Manufacturing Industry’s Energy Needs Should Take Precedence.
07/19/2022 - Steelmaking and crypto mining are energy-intensive endeavors and facets of the Swedish economy, but maybe the country should prioritize the former over the latter when it comes to energy resources, one official has said.
“We need energy for more useful things than Bitcoin, to be honest,” Energy Minister Khashayar Farmanbar said in an interview with the Bloomberg news service. “We are moving from a period of administration to an extreme expansion where our entire manufacturing industry is seeking to electrify.”
Bloomberg has more here.
