B.C. Hydro's Moratorium on Crypto Mining Deemed Reasonable by Provincial Supreme Court Judge
A provincial supreme court judge has ruled that British Columbia's provincial power utility, B.C Hydro's, moratorium on crypto mining projects is reasonable. The moratorium was being challenged by Conifex Timber, a forestry company that had planned a mining operation with an indigenous tribe. Justice Michael Tammen stated that B.C. Hydro's ban was grounded on a cost-of-service basis, which aims to preserve affordable energy access for the broader population. Conifex believes that the continued ban is a missed opportunity for the province, while British Columbia is home to a number of zero-carbon footprint mining projects.
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.
You may also like
SUI's market value exceeds 10 billion US dollars, setting a new record high
Grayscale transferred out another 700 BTC 5 hours ago, worth nearly $64 million