Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Sui Network Launches BTCfi to Transform Bitcoin into DeFi Capital

31/07/2025

HSBC Research Mentions an Emerging Safe Haven Asset Just After Gold

31/07/2025

India Collects ₹437 Crore in Crypto Taxes, Thanks to AI

31/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin Gearing Up for ‘Big Move’ After Reaching True Price Discovery Phase: ProCap’s Anthony Pompliano

    31/07/2025

    Dave Portnoy says ‘just shut up and buy Bitcoin’ as he reveals $5 million bet

    31/07/2025

    Bitcoin Rally Stalls as Long-Term Holders Cash Out

    31/07/2025

    Bitcoin Beats Inflation Rate by 19%, Here’s Nuance About Bull Run: Samson Mow

    31/07/2025

    Bullish Structure Intact—If $3,600 Support Survives

    29/07/2025

    Ethereum validators’ queue to take profits hits record high after ETH rally to $3,800

    29/07/2025

    Why Ethereum Will Keep Climbing in Coming Months: Bitwise

    29/07/2025

    Ethereum Validator Exit Queue Backs Up

    29/07/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    31/07/2025

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    29/07/2025

    Still Loving My ‘If It Went to Zero’ NFT

    29/07/2025

    You Can Now Buy NBA Top Shot NFTs From Vending Machines in Japan

    29/07/2025

    Sui Network Launches BTCfi to Transform Bitcoin into DeFi Capital

    31/07/2025

    HSBC Research Mentions an Emerging Safe Haven Asset Just After Gold

    31/07/2025

    India Collects ₹437 Crore in Crypto Taxes, Thanks to AI

    31/07/2025

    Bitcoin Gearing Up for ‘Big Move’ After Reaching True Price Discovery Phase: ProCap’s Anthony Pompliano

    31/07/2025
  • Blockchain

    Ethereum Leads With $84.73 Billion in TVL

    30/07/2025

    Eigen Labs CEO says ‘critical milestone’ slashes scalability trade-off

    29/07/2025

    Tokenization Lowers Barriers to Sustainable Investing

    29/07/2025

    Ethereum Turns 10 — Time to Leave the Trilemma Behind

    29/07/2025

    Cronos Introduces POS v6 Upgrade to Enable Safer, and Faster Operations

    29/07/2025
  • DeFi

    Sui Network Launches BTCfi to Transform Bitcoin into DeFi Capital

    31/07/2025

    Ether.fi Introduces One-Click Cross-Chain Vault Deposits via Enso Integration

    31/07/2025

    SparkDEX Set to Ignite DeFi with $SPRK Token Launch on Flare Mainnet

    31/07/2025

    Polytrade Expands Tokenized RWA Offerings to BNB Chain, Building Cross-Chain Capabilities 

    31/07/2025

    How Etherex Plans to Fuel Linea’s Quest to Boost Ethereum Capital

    31/07/2025
  • Metaverse

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025
  • Regulation

    HSBC Research Mentions an Emerging Safe Haven Asset Just After Gold

    31/07/2025

    Poland admits one in five of Poles have invested in crypto during Bitcoin bill debate

    31/07/2025

    Donald Trump Meets with Fed Chairman Jerome Powell – Making Statements

    31/07/2025

    The GENIUS Act, Reading Between The Lines

    31/07/2025

    US crypto legislation drives $4B surge in stablecoin supply

    31/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Bitget rolls out GAIA launchpool with 4.7 million tokens up for grabs

    31/07/2025

    Coinbase’s XRP Holdings Shrink 40% in Sudden Wallet Rotation

    31/07/2025

    Coinbase Adds Samsung Pay for Seamless Crypto Purchases

    31/07/2025

    South Korea’s Two Largest Exchanges Delist This Altcoin Due to Pressure from Authorities

    31/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    30/07/2025

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    28/07/2025

    Octo Gaming Teams Up with Starknet for Exclusive Rollup-Powered Game Launch

    25/07/2025

    Bitcoin Miner MARA Is Missing Out on AI Boom: Compass Point

    31/07/2025

    Top 10 Miners Dominate 94% of Hashrate and Hoard Over 55,000 BTC

    31/07/2025

    Russia orders data centers report on miners using their services

    30/07/2025

    MARA Shares Jump as Q2 Revenue Beats Wall Street’s Expectations Thanks to Surging BTC Price

    30/07/2025

    India Collects ₹437 Crore in Crypto Taxes, Thanks to AI

    31/07/2025

    Trump Eyes Moving U.S. Economy Further Into Crypto Via Mortgages, 401(k)s

    31/07/2025

    IOTA Foundation Calls for Smarter UK Crypto Rules

    31/07/2025

    Do Kwon and US gov’t ask to delay legal filings for a third time

    31/07/2025

    Sui Network Launches BTCfi to Transform Bitcoin into DeFi Capital

    31/07/2025

    HSBC Research Mentions an Emerging Safe Haven Asset Just After Gold

    31/07/2025

    India Collects ₹437 Crore in Crypto Taxes, Thanks to AI

    31/07/2025

    Bitcoin Gearing Up for ‘Big Move’ After Reaching True Price Discovery Phase: ProCap’s Anthony Pompliano

    31/07/2025
  • MarketCap
NBTC News
Home»Mining»Sweden Busts 18 Data Centers for Secretly Mining Crypto
Mining

Sweden Busts 18 Data Centers for Secretly Mining Crypto

NBTCBy NBTC18/04/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday.

The investigation, which spanned from 2020 to 2023 and focused on data center operations, revealed that they deliberately exploited tax incentives for which they were ineligible.

Patrik Lillqvist, head of the agency’s intelligence unit, explained that the companies’ actions constituted an attempt to secure undue tax advantages. In response, the agency is demanding an additional 990 million Swedish krona ($91 million) in taxes, including value-added tax (VAT) and surcharges.

The report highlighted difficulties investigators encountered in determining the true purpose of data center operations and the identities of those utilizing the computing resources. In a significant number of cases, investigators faced challenges establishing the nature of the business conducted at these facilities.

Unreported Income from Crypto Mining in Sweden

Further, the report details instances where crypto mining data centers submitted misleading or incomplete information regarding their business activities.

“There is an incentive for unscrupulous actors to conceal their cryptocurrency mining operations and instead claim that they are conducting VAT-liable business activities. In this way, tax revenues disappear from the country in the form of incorrect payments from the state, unpaid output VAT, and unreported crypto assets,” Lillqvist added.

The tax authority further expressed concerns regarding potential money laundering activities. Due to their exclusion from the Money Laundering Act, crypto mining data centers currently operate outside the scope of regulatory oversight. This lack of supervision raises the risk of illicit financial transactions.

It also said it was difficult to quantify the total amount of crypto mined and subsequently sold, including the associated sales figures. Consequently, there is a significant risk of unreported sales leading to additional income tax losses for the government.

Companies Employ Misleading Tactics to Hide Crypto Mining

According to the report, ten decision outcomes were appealed to higher authorities. In eight instances, the courts upheld the initial findings and rejected the companies’ appeals. One appeal resulted in a partial victory for the company, with the court granting a modified ruling.

In one instance, Datorhall AB reported its business activities to the authorities as consulting services, data center operations, and development of high-performance computing products. However, investigation revealed a singular customer for Datorhall – a foreign company with a related party. Notably, Datorhall’s computing infrastructure consisted solely of equipment dedicated to crypto mining.

Another company, Datacenter AB reported its business activities involved the sale of computing power for graphic design and artificial intelligence applications. However, the tax agency procured web browsing history and chat messages from various company representatives. This analysis revealed a significant discrepancy – 93% of the company’s online searches pertained to crypto mining, with less than 1% demonstrably linked to graphic film creation.

In one chat message, a Datacenter AB rep wrote: “How computers are used can never be controlled, so they can ban it as much as they want, it will not make any difference.”

A few days later, another rep wrote: “Yes, and crypto will be the last word we mention to anyone from day one. We are a data center with operations and computers that customers use for graphic films and artificial intelligence.”

Swedish Central Bank Chief Wary of Bitcoin Integration

The Governor of Sweden’s Central Bank expressed reservations last month regarding Bitcoin’s extensive integration into the country’s financial system. Their concerns stemmed from the speculative nature of Bitcoin and the potential for significant investor losses.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin Miner MARA Is Missing Out on AI Boom: Compass Point

31/07/2025

Top 10 Miners Dominate 94% of Hashrate and Hoard Over 55,000 BTC

31/07/2025

Russia orders data centers report on miners using their services

30/07/2025

MARA Shares Jump as Q2 Revenue Beats Wall Street’s Expectations Thanks to Surging BTC Price

30/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Sui Network Launches BTCfi to Transform Bitcoin into DeFi Capital

31/07/2025

HSBC Research Mentions an Emerging Safe Haven Asset Just After Gold

31/07/2025

India Collects ₹437 Crore in Crypto Taxes, Thanks to AI

31/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.