Mining in Finland: a new hosting centre running on renewable energy

In December 2024 we added a 1 MW data centre in Finland to our ASIC miner hosting. The electricity comes from hydro and wind power plants and cost 0.065 USD per kWh at launch. The price at this location has not changed since, and Finland is one of the most reliable locations we offer.

What happened

Together with the data centre in Ethiopia, in December 2024 we also opened a location in Finland. While Ethiopia attracts mainly with its low price, Finland offers a stable European environment and environmentally friendly energy.

Why Finland

• Renewable energy: the data centre is powered by hydro and wind power plants.
• Cold climate: for most of the year outside air is enough to cool the miners, which lowers costs and the risk of overheating.
• Stable environment: an EU member state with an advanced grid and infrastructure.

Figures

Current prices and free slots at all locations can be found on the ASIC miner hosting page. The cheapest location today comes to 1,13 Kč per kWh.

What this means for miners in the Czech Republic

Finland is a good choice for those who want their machine in Europe and value reliable operation. Compared with household electricity at more than 5 Kč/kWh, running costs are several times lower. When it pays to mine at home and when on hosting is discussed in the article Mining cryptocurrency at home.

What next

• ASIC miner hosting – locations, prices and how hosting works.
• ASIC miner profitability – how much a machine earns today after electricity.
• Hosting centre in Ethiopia – a location launched in the same month.
• ASIC miner hosting: at home, in the Czech Republic or abroad? – a comparison of costs and risks.