Canadian Province Bans Crypto Mining Amid Unprecedented Electricity Demand

This week, the government of British Columbia announced it will permanently ban new cryptocurrency mining connections to the province’s electricity grid to protect the power supply.

The move makes Canada’s third-largest province a non-viable location for new grid-connected mining facilities. It also signals that existing crypto miners will find it nearly impossible to expand their operations. 

British Columbia is moving to make its temporary restriction on new cryptocurrency mining connections a permanent ban, according to legislation introduced this week.

The move closes the door on expanding industrial-scale crypto mining within the province. It effectively cements British Columbia as one of the first jurisdictions in North America to explicitly exclude the sector from accessing its publicly owned, clean-energy supply. 

Canadian Province Moves to Limit AI Power Use, Ban Crypto Mining

British Columbia proposed legislation to limit how much electricity will be available to artificial intelligence data centers, and moved to permanently ban new cryptocurrency mining projects.

The government of…