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British Columbia Court Backs Ban on Crypto Mining in Canadian Province

British Columbia’s provincial power utility, B.C Hydro’s, moratorium on crypto mining projects was ruled as reasonable by a provincial supreme court judge, according to a ruling posted on Monday. The moratorium was being challenged by Conifex Timber, a forestry company that had branched out into crypto mining. Conifex was planning a mining operation with Tsay Keh Dene Nation, an indigenous tribe. Justice Tammen wrote that B.C. Hydro’s ban was grounded on a cost-of-service basis, which considers the unique, substantial energy demands of cryptocurrency mining and aims to preserve affordable energy access for the broader population.

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