The government of Manitoba, Canada, has proposed doubling electricity rates for cryptocurrency mining companies and data centers, citing high energy consumption and limited economic contribution. The proposal also includes granting the government the authority to cut off power to these operations during peak demand periods. This move has faced strong opposition from mining operators, who argue it could lead to the bankruptcy of many compliant businesses. This proposal follows a trend in Canada, where provinces like Quebec have already implemented double electricity rates, and British Columbia has banned new mining operations from connecting to the grid.
Manitoba Proposes Doubling Electricity Rates for Crypto Miners
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