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Canada considers fines of $7 million for illegal Bitcoin mining power plants

It has become a trend to establish bitcoin mining operations in power plants.In recent months, the company has started mining cryptocurrency Hydropower, natural gas, nuclear, Even volcano power plant. In fact, the idea has proved very popular. According to reports, Canadian authorities are considering imposing a fine of $7.1 million on a company that secretly operates a Bitcoin mining power plant in Alberta.

Canadian Broadcasting Corporation Report Link Global installed four 1.25 MW generators in one location in 2020, powered by “sleeping natural gas wells,” “without notifying neighbors, counties or the Alberta Public Utilities Commission.” It then established two sites elsewhere-only one of which complied with AUC regulations. The Canadian Broadcasting Corporation stated that the first site ran for 364 days without approval; a Kirkwall site ran 426.

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