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Manitoba suspends new cryptocurrency operations, citing high energy demand

Summary by Ground News

The Manitoba government is temporarily halting any new connections of cryptocurrency operations to the hydroelectric grid. Finance Minister Cameron Friesen, the minister responsible for Crown-owned Manitoba Hydro, says there will be a 18-month pause pending a review of the industry's energy demands. The technology underpins cryptocurrencies requires a large amount of electricity to run complex financial transactions.

26 Articles

Winnipeg Sun

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Manitoba suspends new cryptocurrency operations, citing high energy demand

Manitoba is halting connections of new cryptocurrency operations to the hydroelectric grid, citing low economic return.

3 years ago

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National Post

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Manitoba suspends new cryptocurrency operations, citing high energy demand

WINNIPEG — The Manitoba government is temporarily halting any new connections of cryptocurrency operations to the hydroelectric grid, citing a potential for…

3 years ago·Canada

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Bradford Today

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Manitoba suspends new cryptocurrency operations, citing high energy demand

WINNIPEG — The Manitoba government is temporarily halting any new connections of cryptocurrency operations to the hydroelectric grid, citing a potential for overwhelming energy demands and low economic return.

3 years ago·Bradford West Gwillimbury, Canada

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