Crypto Mining Firm Receives Bomb Threat Over Noise Level

A bomb threat was sent on Saturday to Kryptovault, a Norwegian cryptocurrency mining company, for disturbing the peace.

AccessTimeIconAug 17, 2018 at 3:45 p.m. UTC
Updated Aug 18, 2021 at 9:39 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

A bomb threat was sent to a Norwegian cryptocurrency mining company for "sabotaging the peace" with noise this past Saturday.

Kryptovault, a crypto mining firm with facilities in a number of cities in Norway, reported receiving threats after a local paper reported on its work, according to Yahoo Finance.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • The bomb threat said "if you are expanding crypto mining and filling the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives," according to the report.

    Kryptovault managing director Gjermund Hagesaeter said the anonymous notice was immediately sent to local authorities, who are "taking the whole issue very seriously indeed."

    Noise complaints over the sound level of mining operations from local residents has been a reoccurring issue for Kryptovault. Back in June, Vakdalposten newspaper reported that the company hosted consultation meetings with neighbors in the city of Dale as an attempt to remedy ongoing frustrations.

    However, given the recent turn of events, new assessments are being drawn on the course action needed to be taken to ensure the safety of both Kryptovault facilities and employees.

    In fact, speaking with Yahoo Finance, Hagesaeter revealed that among their three cities of operation, "Dale is far more accessible" to potential intruders. As a result, employees in the city have been warned to "be on their toes" in case of any abnormal activity moving forward.

    Mining is becoming an increasingly lucrative activity for private businesses around the world given increased consumer demand for crypto assets such as bitcoin. At the same time, the activity requires a host of energy-intensive computations consuming large amounts of electricity, that some propose only incentivize the need for sustainable energy solutions.

    Alarm image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.