British Columbia’s State Energy Company Suspends Applications to Connect Miners for 18 Months

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British Columbia’s state-owned energy company BC Hydro will suspend accepting applications for connecting new BTC and other digital asset mining enterprises for 18 months.

The producer of more than 95% of the electricity in the region will also stop connecting mining data centers that are in the early stages of the rollout process.

The country’s minister of energy Josie Osborne has said:

“Cryptocurrency mining consumes huge amounts of electricity around the clock to run and cool powerful computers, while creating very few jobs in the local economy.”

According to her, the authorities intend to save electricity for businesses and industries that “reduce carbon emissions, create jobs and economic opportunities.”

Louis Adams

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.