Canadian province New Brunswick has denied energy to crypto miners for months
New Brunswick’s major utility will begin rejecting energy applications from cryptocurrency miners and other large users in 2022, according to the CBC. May 1st.
The decree authorizing the moratorium included concerns from the state’s main power company. NB Power expressed concern about the “additional load demand” and warned that cryptocurrency mining could put “significant pressure” on energy supplies.
It’s unclear exactly when the moratorium on energy access for cryptocurrency miners began, as the policy appears to have gone unnoticed until the CBC’s latest report.
However, the New Brunswick government approved the moratorium in March 2022, and the CBC’s latest report shows the policy remains in effect.
The New Brunswick government has also ordered a review of the crypto sector and its impact on the energy supply. The order, which remains private, has a deadline of December 2022 and was intended to prevent the restrictions from continuing to affect non-crypto companies.
The moratorium came shortly after Taal Distributed Information Technologies, a cryptocurrency mining company, announced its intention to start operations in New Brunswick. Another company, his Hive Blockchain Technologies, already has operations in the state.
Similar moratoriums have been imposed in other Canadian provinces such as British Columbia, Manitoba and Quebec. In the US, North Carolina and New York have imposed restrictions. These policies may or may not remain in place.
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