Bitcoin miners in the far north of Norway and Sweden, where they had been working to avoid excessive electricity bills, have shut down for the winter as energy prices continue to rise.

A short time ago, when European electricity costs were skyrocketing, miners rushed to the continent’s northernmost regions, offering among the world’s lowest power prices because of inexpensive hydroelectric power and little demand. Some even opted for the New World, but are now facing all-time high costs, when demand for heating soars during the winter.

(By TUNI LALA)