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How This Underground Bitcoin Mine Operator is PivotingBitcoin miners operating in northern Norway and Sweden, where they sought refuge from sky-high electricity prices earlier this year, are. Bitcoin mining in Norway takes advantage of abundant stranded hydropower. As a result, it has attracted multinational companies such as Bitfury. If you've mined virtual currency such as Bitcoin, you must declare it in your tax return. You can read more about how you should assess the value below. Mining.