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.

Published 2 months ago

News Articles

More Filters

All

Left

Center

Right

CTV News

Manitoba suspends new cryptocurrency operations, citing high energy demand

The Manitoba government is temporarily halting any new connections of cryptocurrency operations to the hydroelectric grid.

2 months ago·Toronto, Canada

Read Full Article

CBC News

High energy demand prompts Manitoba to suspend new cryptocurrency operations

The 18-month pause on new connections of cryptocurrency operations to the hydroelectric grid will not affect the 37 current operations in the province, but will temporarily halt a growing number of requests from operators who have the capacity to consume a sizable portion of the province's electricity supply.

2 months ago·Canada

Read Full Article

Global News

Manitoba suspends new cryptocurrency operations, citing high energy demand - Winnipeg

The move will not affect the 37 current operators in the province, which the government says use a relatively small amount of power.

2 months ago·Toronto, Canada

Read Full Article

National Post

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…

2 months ago·Canada

Read Full Article

Richmond News

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.

2 months ago·Richmond, Canada

Read Full Article