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.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.
Canadian province takes steps to limit AI power use, ban cryptocurrency mining
2025/10/21 08:31
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.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details
The post Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details appeared on BitcoinEthereumNews.com. Japan-based Bitcoin treasury company Metaplanet announced today that it has successfully completed its public offering process. Metaplanet Grows Bitcoin Treasury with $1.4 Billion IPO The company’s CEO, Simon Gerovich, stated in a post on the X platform that a large number of institutional investors participated in the process. Among the investors, mutual funds, sovereign wealth funds, and hedge funds were notable. According to Gerovich, approximately 100 institutional investors participated in roadshows held prior to the IPO. Ultimately, over 70 investors participated in Metaplanet’s capital raising. Previously disclosed information indicated that the company had raised approximately $1.4 billion through the IPO. This funding will accelerate Metaplanet’s growth plans and, in particular, allow the company to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will propel Metaplanet to its next stage of development and strengthen the company’s global Bitcoin strategy. Metaplanet has recently become one of the leading companies in Japan in promoting digital asset adoption. The company has previously stated that it views Bitcoin as a long-term store of value. This large-scale IPO is considered a significant step in not only strengthening Metaplanet’s capital but also consolidating Japan’s role in the global crypto finance market. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/japan-based-bitcoin-treasury-company-metaplanet-completes-1-4-billion-ipo-will-it-buy-bitcoin-here-are-the-details/
Share
2025/09/18 08:42
Share
Nomura Alters Fed Rate Cut Prediction for 2025
Detail: https://coincu.com/markets/nomura-fed-rate-cut-forecast-2025/
Share
2025/09/18 12:39
Share
Yei Finance's cross-chain product Clovis opens its fourth round of pre-deposits, and TGE will be launched soon.
PANews reported on September 18th that Clovis, a cross-chain protocol under Yei Finance, officially launched its fourth pre-deposit campaign at 9:00 PM on the evening of September 18th, lasting 24 hours. This campaign, for the first time, adopted an "unlimited" deposit mechanism, aiming to expand user participation and inject market momentum into the upcoming TGE. The event prioritizes the community: the first two hours are dedicated to Yeiliens NFT holders. Users who deposit the first $1.5 million will receive Clovis Points (Season 1) as a reward, which can be used for future ecosystem governance and equity distribution. Clovis continues to optimize cross-chain asset efficiency through its multi-chain infrastructure, and this pre-deposit is considered an important step in the project's ecosystem preparation prior to the TGE.
Share
2025/09/18 21:10
Share