New crypto-mining projects paused by B.C. Government due to energy consumption

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Manitoba just underwent a similar move to pause new crypto-mining projects, while Quebec is one step ahead of the rest by just approving a new framework and a new pay structure for the industry.

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MLA Mike Morris believes the province taking a step back and re-evaluating is a good move and makes sense given the low number of jobs created by the high use of electricity.

The Prince George crypto mine currently employs 20 full-time staff according to Iris Energy’s website.

New cryptocurrency mining projects may not initiate the process of connection with BC Hydro, and projects at early stages of the connection process will also be halted. Cryptocurrency mining projects that are operational, and a small number of projects that are well advanced in BC Hydro’s connection process, will not be affected. The connection of other types of projects that do not mine cryptocurrency will not be affected.