In a recent ruling, a provincial supreme court judge declared British Columbia Hydro's moratorium on cryptocurrency mining reasonable. The legal dispute involved Conifex Timber, a forestry company diversifying into crypto mining, collaborating with the Tsay Keh Dene Nation.
Justice Michael Tammen stated the moratorium, initiated in December 2022, was fair, non-discriminatory, and aligned with the province's Utilities Commission Act. B.C. Hydro's ban aimed to manage the substantial energy demands of crypto mining while ensuring affordable energy access.
Conifex expressed disappointment, viewing the ban as a missed opportunity for energy improvement and economic growth. Despite this, the court upheld the ban, emphasizing the unique energy consumption of crypto mining.