It Will Be More Expensive for ASIC Bitcoin Mining Data Centres in Finland from July 2026
Is your ASIC Bitcoin miner located in Finland? Please be aware that Bitcoin mining and hosting in Finland will become significantly more expensive.
From July 2026, the electricity tax rate for data centres will rise to approximately €0.0224 per kWh (excluding VAT and additional grid fees), up from the current €0.0005 per kWh. This is a substantial increase and one that will directly impact the profitability of ASIC Bitcoin mining operations.
Let’s take a closer look at what this means.
Finland as a Hub for Data Centres and ASIC Mining
Finland has historically been one of Europe’s most competitive locations for data centres and Bitcoin mining. Low electricity taxes, cold ambient temperatures, and a reliable power grid have positioned the country as a preferred destination for energy-intensive computing workloads.
This cost advantage will materially change from 1 July 2026.
Following legislative approval in late 2025, Finland will significantly increase electricity excise duty for data centres, including crypto mining operations. The change introduces a substantial and permanent increase in operating costs and alters the long-term economics of hosting ASIC miners in the country.
This article outlines the policy change, its financial implications, and how miners should assess Finland’s future competitiveness.
Legislative Background: What Is Changing?
Current Electricity Tax Regime (Until 30 June 2026)
Data centres in Finland currently qualify for Electricity Tax Category II, intended for industrial use. The applicable tax rate is:
€0.0005 per kWh
This preferential rate has been one of the lowest in the European Union and a central factor in Finland’s attractiveness to large-scale computer operators.
New Regime from 1 July 2026
On 23 October 2025, the Finnish Parliament approved Government Bill HE 156/2025 vp, which reclassifies data centres into Electricity Tax Category I.
From 1 July 2026, the electricity tax will increase to:
€0.0224 per kWh
This represents:
A ~45× increase
Primary sources:
Finnish Parliament (Eduskunta), Government Bill HE 156/2025 vp
Finnish Tax Administration (Verohallinto), Electricity Excise Duty Guidelines
Policy Rationale Behind the Tax Increase
The Finnish government has stated that the reform is part of a broader fiscal and energy policy strategy. Key drivers include:
- Public budget consolidation for 2026
- Rapid expansion of data centre electricity demand
- Concerns about long-term grid capacity and price stability
According to the Finnish Data Center Association, Finland could see up to 2,500 MW of additional data centre capacity by 2030. Government-linked analyses suggest this growth could raise average electricity prices nationwide by approximately 10%, even without tax changes.
The reform applies uniformly and is not targeted specifically at crypto mining, but mining operations are disproportionately affected due to continuous high-load electricity usage.
Direct Financial Impact on Crypto Mining Operations
Why Mining Is Especially Exposed
Crypto mining differs from conventional data centre workloads because:
- ASICs operate continuously (24/7)
- Power consumption scales directly with hash rate
- Electricity is the dominant operational cost
Example Cost Impact (Indicative)
- Assumptions:
- 100 × Antminer S21 Pro
- Monthly consumption: ~260,000 kWh
2. Electricity tax cost:
- Before July 2026: ~€128/month
- After July 2026: ~€5,755/month
3. Annual increase: ~€68,000
4. MW-scale operation: ~€207,000 per year
These increases apply independently of Bitcoin price, block rewards, or network difficulty.
Direct Financial Impact on Crypto Mining Operations
Beyond the direct tax increase, miners should also consider several secondary effects.
Hosting Price Adjustments
Most mining hosting providers in Finland will have to pass electricity taxes directly to clients as most margins are not big enough to absorb these increases. As a result, hosting prices are expected to rise proportionally.
Risks
Long-term hosting agreements that extend beyond mid-2026 may become economically unattractive if they lack fixed electricity pricing or tax protection clauses.
If you take out your miners from Finland, too late then the capacity of other hosting providers may already be sold out leaving you with a miner without affordable hosting.
Competitive Disadvantage
Other Nordic countries maintain very different electricity tax frameworks, creating growing divergence within the region.
Nordic Comparison: Finland vs. Norway
While Finland is increasing costs, other Nordic countries are following a different path.
Finland (post-2026):
- Electricity tax: €0.0225/kWh
- Increased regulatory uncertainty
- Higher exposure to EU energy policy shifts
Norway (current framework):
- Electricity tax: ~€0,01/kWh (already priced in)
- Power generation dominated by hydropower (~93%)
- Historically stable regulatory environment
This divergence is already influencing location decisions for Bitcoin mining farms, data centers, and infrastructure investors.
Strategic Considerations for Bitcoin Miners
Miners with exposure to Bitcoin mining in Finland should consider:
- Reviewing hosting and power contracts for tax pass-through clauses
- Modelling post-2026 operating costs conservatively
- Make sure that if you decide to move that you arrange your new hosting capacity on time.
- Avoiding long-term commitments without fixed electricity pricing
- Monitoring potential government support schemes (currently undefined and non-binding)
If you’re mid-contract for mining hosting in Finland, check your terms. Many facilities are scrambling, with Google already pausing a 1,400-hectare project over the uncertainty.
Finland’s electricity tax increase for data centers marks a structural shift in the country’s competitiveness for ASIC Bitcoin mining.
While Bitcoin mining and mining hosting in Finland remain technically feasible, they will become materially more expensive and less predictable beyond July 2026. Electricity taxation can no longer be treated as a marginal cost; it is now a core strategic risk factor.
For miners, understanding this shift early is essential to making informed long-term decisions.
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