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EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

October 19, 2022


EU to Develop Energy Efficiency Label for Data Centers Amid Increasing Consumption in Mining

The European Union plans to introduce a label for energy efficiency in efforts to counter the growing electricity consumption in data centers such as those mining cryptocurrencies. According to Bloomberg, the EU will also urge member states to target crypto miners’ energy usage as it seeks to navigate the winter with far less Russian gas and other energy than before the sanctions imposed over the war in Ukraine.