There is very good reason that many would call Iceland the perfect place to mine. Inexpensive hydro and geothermal power, with free arctic air to cool equipment!
It is great until your rig gets buried under a ton of volcanic ash, or melted by lava.
Yes, but then you'll be dead too or able to collect the insurance. You did buy an insurance policy to cover your business investment, no?
Plus... Have you ever seen Icelandic women? I'll suffer though a little volcanic fallout for that.