Canadian court upholds decision to restrict power supply to Bitcoin mining operations
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The British Columbia Court of Appeal upheld the provincial government's decision to restrict the electricity usage of bitcoin mining operations, rejecting the attempt by bitcoin mining hosting service provider Conifex Timber to obtain unlimited electricity. The court supported BC Hydro, emphasizing its priority to protect the public interest, safeguard the province's power supply, and prevent consumer electricity price increases. Concerned about the impact of cryptocurrency mining on energy consumption, several Canadian provinces have implemented restrictive measures.
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