Canadian province takes steps to limit AI power use, ban cryptocurrency mining

PANews reported on October 21 that according to Bloomberg, the energy department of British Columbia (BC), Canada, has proposed legislation to give priority to resource-based projects (mining, natural gas, etc.) in grid connection, saying that AI data centers increase the risk of electricity costs; BC Hydro plans to launch a two-year bidding process in early 2026 to allocate 300 megawatts for AI and 100 megawatts for general data centers, with no upper limit on industrial electricity use (mining, oil and gas, manufacturing, forestry, and hydrogen energy); new crypto mining connections frozen since 2022 will be permanently banned; at the same time, the North Coast transmission line will be exempted from licenses to speed up the connection of large projects, and the grid connection queuing and guarantee rules will be modified to allow multiple customers to provide financial guarantees.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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