Norwegian mineral mining firm eyes 1.2 billion raise for Bitcoin treasury

Green Minerals intends to establish a Bitcoin treasury of up to 1.2 billion USD. This move highlights their focus on blockchain innovations and financial strategies.

After the announcement, Green Minerals’s stock price fell nearly 35%, demonstrating market anxieties regarding regulatory changes surrounding crypto mining in Norway.

Norway’s government is contemplating a temporary ban on new crypto mining, which could hinder Green Minerals’ treasury strategy and future operational plans.