Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The Canadian British Columbia court upholds the restriction on Bitcoin mining power

The Canadian British Columbia court upholds the restriction on Bitcoin mining power

Bitget2025/03/14 13:53

According to The Miner Mag, the Court of Appeal in British Columbia, Canada has upheld the provincial government's decision to limit electricity usage for Bitcoin mining operations, rejecting an attempt by Bitcoin mining hosting service provider Conifex Timber to secure unlimited power. The court sided with BC Hydro (British Columbia Hydro and Power Authority), emphasizing its priority to consider public interest, protect the province's power supply and prevent consumer electricity prices from rising. Concerns about the impact of cryptocurrency mining on energy consumption have led several Canadian provinces to impose restrictions on this industry.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!