Court Backs B.C. Hydro: Crypto Mining Ban Stands Power Play: British Columbia's Supreme Court has given the nod to
B.C. Hydro's bold move against crypto mining, upholding their ban on new projects.
Forestry Meets Crypto: Conifex Timber, eyeing a partnership with the Tsay Keh Dene Nation, took the challenge to court, but Justice Michael Tammen ruled that the moratorium was
fair and not biased.
Keeping It Affordable: B.C. Hydro's concern for
energy costs and ensuring access for all won the day. The judge recognized the hefty power appetite of crypto mining and its impact on everyday folks.
A Mega-Wattage Warning: Conifex's ambitious plans were met with a reality check from BC Hydro's CEO, who warned of a staggering electricity demand that could light up over half a million homes!
Beyond the Buzz: Energy Minister Josie Osborne emphasized the need to balance electricity use and job creation, pointing out that crypto mining's "massive" consumption didn't match its employment potential.
In sum,
Justice Tammen highlighted the unique energy needs of crypto centers, concluding that BC Hydro's projections were no match for the colossal demands of this digital gold rush.
