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B.C. court upholds crypto-mining ban despite Conifex challenge

Conifex Timber has expressed disappointment as the Supreme Court of British Columbia (BCSC) ruled against its petition challenging the provincial government’s ban on supplying power for cryptocurrency mining projects.

The ban, initiated through Order in Council 692/2022, relieves BC Hydro of its obligation to provide service for crypto-mining ventures for 18 months. Despite Conifex’s efforts, the BCSC declined to overturn the order, citing it as valid.

Conifex maintains its belief in missed opportunities for energy affordability, technological innovation, and economic growth. The company is evaluating its options following the judgment.

“Conifex is disappointed by, and disagrees with, the BCSC’s decision,” the company said in a statement.

“Conifex is considering its position in relation to the judgment, including potentially appealing the ruling, along with other legal avenues which it may pursue thereafter.”