British Columbia court upholds Bitcoin mining power limit

According to The Miner Mag, the British Columbia Court of Appeal in Canada upheld the provincial government's decision to restrict electricity usage for Bitcoin mining operations and rejected Conifex Timber's attempt to fight for unrestricted electricity usage for Bitcoin mining custody services. The court supported BC Hydro, emphasizing its priority for the public interest, protecting the province's electricity supply, and preventing consumer electricity price increases. Concerns about the impact of cryptocurrency mining on energy consumption have led to restrictions on the industry in multiple provinces in Canada.