Canadian British Columbia will suspend electricity-connection requests from crypto mining operations for 18 months

12/22 02:10

The Ministry of Energy of British Columbia, Canada issued a statement stating that to preserve British Columbia’s supply of clean electricity to support the Province’s climate action and economic goals, BC Hydro will suspend electricity-connection requests from cryptocurrency mining operations for 18 months. B.C.’s clean, affordable electricity has attracted unprecedented interest from cryptocurrency miners. Currently, 21 projects are requesting a total of 1,403 megawatts that will be temporarily suspended. That is equivalent to the energy needed to power approximately 570,000 homes, or 2.1 million electric vehicles, per year in B.C. New cryptocurrency mining projects may not initiate the process of connection with BC Hydro, and projects at early stages of the connection process will also be halted. Cryptocurrency mining projects that are operational, and a small number of projects that are well advanced in BC Hydro’s connection process, will not be affected. The connection of other types of projects that do not mine cryptocurrency will not be affected.

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