Sweden has a choice to make: Provide electricity for job-creating projects such as steel plants or devote more capacity to the Bitcoin miners that are gobbling up growing amounts of power. Energy Minister Khashayar Farmanbar says its no contest.

We need energy for more useful things than Bitcoin, to be honest, Farmanbar said in an interview. We are moving from a period of administration to an extreme expansion where our entire manufacturing industry is seeking to electrify.